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: Paul Shread who wrote (9438)	6/19/2001 11:11:41 AM
From: AllansAlias	Read Replies (4) of 52237

Per last few days on CFZ waver thread, am looking for all indices to close red today. The morning gap completed a flat correction and we should now get fresh lows. This will flush enough of the upward-looking dip-buyers (even bears have been buying this dip) and eat at the mountain of calls they have sold (unloaded). P/c's so quickly went to the call side. Ameritraders buying the dip with both hands every down day since May 22. Once we get some of them to give up, we should get a nice rally. We are so close to the abyss here on the weekly charts, we'll need a nice rally into Friday afternoon to save them. I would give that a slightly better than even chance of happening -- time seems too tight to give it more than that.

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