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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (5121)4/5/2001 1:58:15 PM
From: adcpres  Read Replies (1) of 52237
 
Paul: There is a slow steady rally taking place here. If it doesn't falter, the NAZ will finish +140 or higher. However, most of what I follow hasn't gained much from the first hour except the heavy weights (INTC, MSFT, DELL) which seem to be moving the NAZ higher. The question is, will the other stocks start to gain momentum? Right now the internals suggest that may happen. If it does, the NAZ will finish out very strong. We are entering a critical period in the day at this point. If the heavy weights start getting sold after 2:00 or so, we could be in for a nose dive. How are you reading the finish? Even with a strong finish, I am very concerned about the open tomorrow. Economic reports coming out tomorrow could put cold water on all this. GH
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