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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Michael Watkins who wrote (2253)3/7/2001 9:59:31 PM
From: StockOperator  Read Replies (1) of 52237
 
"It's nice not to be married to a particular scenario."

You said it. Sometimes the most difficult thing about trading is just waiting for the right opportunity. The ability to sit and not get sucked in when the action is heavy is a great asset. Especially when your "visibility" is not there.

I have just gone through about thirty of the major players on the NAZ and you would think I would be excited (and bullish) based off the last two days of trading. What I'm seeing is nothing but butt ugly. There was some serious damage done with today's close. Look at today's bar for NTIQ, PMCS, MACR, AETH, TQNT (chipper), JDSU, QLGC.... I could easily keep going. All this damage on the heels of what "appeared" to be a solid day. I can tell you that weakness through the rest of the week would push many of these guys through critical support.

Time will tell.
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