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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: StockOperator who wrote (2674)3/12/2001 10:06:28 PM
From: Sam Sara  Read Replies (1) of 52237
 
SO,

Great calls to date.

In "normal" times we should be very close to a bottom. I would say on the Naz 1 more horror show day, and then a reversal day most likely.

The flies in the ointment here are:

1) endless bad news from tech
2) Japan
3) breakdown of Dow and S&P

I am not bothered by #3 so much, I kind of like the scenario of Dow sub 10K and SPY 1120 to give us a trading bottom.

Options expiration also adds to confusion, no way to game that one that I know of, though.

Probably a mistake to make this too complicated. Technically we should bounce close to 1750-1800 level, and rally into FOMC.
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