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

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To: JRI who wrote (3952)3/23/2001 1:48:50 PM
From: donald sew  Read Replies (2) of 52237
 
JRI,

>>>> but what about the lack of follow thru on Naz since gap open....looks weak to me....where are the serious buyers (and holders) here? <<<<

JRI - you make it sound as if I think this thing is going up alot. I only said that there was a chance that it could last beyond today, if the SPX doesnt reverse today. Maybe you should reread my post.

On the surface the NAZ is FLAT, so it doesnt look great but it doesnt look awful since its not negative. If it is so negative then explain to me why the NAZ new highs-lows improved so much, with accepting the possiblity that that may also be temporary. Also the RUT is up - maybe the generals will catch up for one/few days before the selling resumes for the retest.

Maybe its a 3-DAY pattern where yesterday was up strong, today flat, and day-3 Monday could be up strong again similar to yesterday. I wont put too much into a 3-DAY UP PATTERN by itself in such a down market, although its still a possiblity.
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