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

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To: Paul Shread who wrote (6656)5/2/2001 9:47:53 AM
From: Terry Whitman  Read Replies (2) of 52237
 
Well Paul- INDUs are only 4% away from a confirmation (52wk high is 11404). Since we're beating our chests here, <g> I'll point out that I said monday, and yesterday that long was the place to be for now.

I also turned bullish on the NYA when it broke 600, and said that a move up to the top of it's recent range around 670 was likely. We're not there yet, but getting close. Since we're more than half-way to that target, I will back off a bit on my bullishness unless we can break thru 670.

I managed to lose on the WCOM trade, as I had to leave for the afternoon, and set a protective stop at 18.45. Wouldn't ya know they take it down just enough to trigger my stop. <ng> It's a new day today, and I'll try, try again. I'm liking the way the CSCO daily and weekly are setting up here. It looks like it may just explode out of that short base here. It could easily double or triple from a simple bear correction.

BTW- PDG has now broken it's recent downtrend.
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