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: SpecialK who wrote (7754)	5/21/2001 4:58:09 PM
From: Paul Shread	Read Replies (2) of 52237

LOL. Did you bookmark that or just have a good memory? Wish I'd been a believer sooner. I think at this point, the bottom is probably in; the SPX in particular looks like a major reversal to me, headed for 1420-1450. Do we go there all at once? I certainly hope not, because I want to buy more on the first strong pullback. ;-) Hopefully the charts will give some warning if the bottom's not in. Yup, they're buying crap like CSCO on the hope that their earnings will recover with the rest of the economy. Could just be a cyclical thing; look at IP's earnings and valuation. But they're also buying some quality stuff too. UTX had one impressive breakout last week. Here's a possible scenario: SPX goes to 1380, retraces to 1254, and forms an even bigger inverse H&S and goes on to set new highs. All the above offered with a big BWDIK. Iso, Watkins and Meehan called the bottom; what do they see now? And credit also goes to Don for his double-bottom in the technicals at 1620 COMPX. And I'm sure I'm missing someone else who deserves credit...

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