Stock Attack II - A Complete Analysis Message Board

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

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To: NucTrader who wrote (5026)	4/5/2001 10:06:08 AM
From: adcpres	Read Replies (2) of 52237

NucTrader: Thanks for the heads up but I have blown out of 80% of my long positions purchased at the close yesterday. I just take the gap open as a gift and very happy with a $5K+ profit even though I may have missed the tops so far by 1/4-1/2 point. No need to hold on hoping the market will rally more. I just don't trust what is happening these days. Given the level the NAZ is at, a gap up of +75pts. is LARGE(4.5%) and I just can't see it will go much higher by day's end. I would rather seen a gap up of about 30 pts. and build strength from there. A gap up of 4%+ is huge and likely not able to hold. We could just bounce between +50 and +100 on the NAZ today. What worries me is the possibility for yet more bad economic news tomorrow. GH

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