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

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To: Eurobum1 who wrote (5405)4/10/2001 12:10:22 AM
From: JRI  Read Replies (2) of 52237
 
Euro, Stephen, SO- Today really wasn't that impressive, simply because we gapped up, and then.....intra-day...sold off most the day.....we did make a run 3 times at 1758....but we couldn't even enter the gap....

We've seen this "gap the open- do nothing during the day" several times in the last 2/3 months....it has almost always signalled weakness to come..

Also, the Naz ran up last 15 minutes...otherwise, it would have close up only +5 or +10....hardly a stellar day (after a gap open)...look like some short-covered, window-dressing, tape painting to me at the end...

I am trying to stay balanced, though, simply because we are due at some point for a solid upweek (don't know when), even if the fundamentals aren't ready...

Still, as you have noted, there is time for an explosion upward as well as down....gotta happen soon...the lines on the charts are enveloping most stocks/indices like an anaconda on the day's last meal...
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