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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Terry Whitman who wrote (2826)3/14/2001 8:52:38 AM
From: Paul Shread  Read Replies (2) of 52237
 
>>I don't think we can put any kind of bottom in until Paul quits getting all excited every time we have a one day short covering rally. <G> <<

Boy, no argument from me on that one. I understand this is all due to Japanese bank credit ratings downgrades by Fitch. Talk about getting blindsided.

I have 1912 as critical COMPX support for today. I think this one may be centered on the banks, though. I got a sell signal on JPM a few weeks ago and didn't sell it; I figured who sells a bank when the Fed is cutting rates? Apparently someone does. <ng>

At least I can point to the fact that I said we weren't even back above the prior lows yet (10,300 1214 and 2071). ;-) Strange that the Dow stopped 1 point short of its low over the last four months, 10,292. Should have made a little more of that ... in retrospect.

Still up 4% on yesterday's JNPR trade; will wait for the open to see what to do about that one. If we slice through 1912, I'm out (although LTK said he sees that lower line as low as 1890, if I understand correctly). It paid to be a coward yesterday; I didn't buy nearly as much JNPR as I wanted to. Not kicking myself about it this morning.

I guess now that it's a global crisis, AG can respond.
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