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

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To: Eurobum1 who wrote (5405)4/9/2001 11:55:39 PM
From: StockOperator  Read Replies (2) of 52237
 
Eurobum, yes I watching YHOO with great anticipation. I have significant pressure on this stock this month. And yet the stock is hanging around 15 like it's strolling through the park. How they react to their earnings should be a good indication for tech as a whole.

Again today was an interesting day. In my post over the weekend I pointed out some stocks that I thought would be under pressure this week. SUNW and SAWS were just two of them. Both broke key support today, but yet stocks like CSCO and my bellweather AMZN were up. In the case of AMZN at $11 it is the convict going over the wall. It has committed itself in it's challenge of that resistance. Where does it go from here. If prices do not continue to build on today's action that downtrend will come back to slap it down. So far no true bottom has been placed. NOK and MSFT should also be interesting to watch as they peak their heads through to the other side...absolutely no wiggle room.

A lot of things to watch.
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