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

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To: 23456 who wrote (7563)5/17/2001 12:34:14 PM
From: isopatch  Read Replies (1) of 52237
 
Hi Francis. Sold ABY for a ST scalp

Hope to reload at a lower price.

Yesterdays BO of symetrical triangle wasn't confirmed by volume. Volume could still come in today and salvage it.

But, am going to play it safe right now. Agree with Don that some of the indices may be getting close to a consolidation time.

Remember, we've run 2,000 Dow points almost non-stop for the past 5 weeks!

A pause after yesterday's Dow BO, very strong performance in the PMs and several other sectors, as well as a little anecdotal increase in positive sentiment increases the odds for at least a modest dip.

Isopatch
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