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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: StockOperator who wrote (2661)3/12/2001 8:01:10 PM
From: StockOperator  Read Replies (3) of 52237
 
Capitualtion levels! You can feel it bubbling up but by no means are we there. The volume alone should tell you that people are still sitting on the sidelines watching their portfolio implode. The 125 stocks that I follow (mainly tech) are breaking into much lower levels. I don't know how the FOMC meeting will play into things but we could sell on the news. Of course we have to see how this week plays out. If prices tank hard through the week I would expect some sort of pop after the rate cut. Regardless, my charts are telling me that there's more downside to come.
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