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: Lee Lichterman III who wrote (6486)	4/30/2001 11:15:53 AM
From: Paul Shread	Read Replies (1) of 52237

IMHO, we're about 100 Dow points and 40 SPX points away from a new bull market. The indexes broke their uptrends a week ago and still haven't turned down. There is quite a bit of power in this rally. We need to turn on Heinz's date for the bearish scenario to stay alive, IMHO. Was looking at a weekly close-only on the Dow over the weekend; I'm not a believer in "V" bottoms, but that one may change my mind... On the other hand, commercial net short in NDX futures is high, while non-commercial is long by more than 2-1. I doubt the big boys are going to let J6P win on this one. ;-)

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