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: dennis michael patterson who wrote (11600)	7/13/2001 7:20:50 AM
From: Jerry Olson	Read Replies (1) of 52237

Morning Dennis it all sounds so great...i gotta take the wife there...a MUST!!!!.. Well we did get that pop i was looking for after we touched my downside target at 1170ish SPX...now we need a major follow thru move....we broke the 1204 area nicely.. the 20 ema daily overhead is around 1215ish...with the 40 ema there too...SPX....i would think any break of the downtrendline at about 1225 would be bullish near term.. as far as Chuckie is concerned..we have the cycle highs at the 17th..and if we continue to move above resistance..it will change his thinking...he loved the expected bounce at 1170...me too... i am long about 10 stocks since late the other evening...don't really want to sell them...albeit i have very large gains in heavy positions right here...most are semis... i have been writting about a trigger something out of the blue to break the markets up, and i guess MSFT was that trigger...if IBM comes in good next Weds..then were off to the races... what with all that negative news out there..we were DUE for a dose of good news...it always happend Dennis... so we trail up our stops...and let'em run... keep on with that running report of food & wine...love it<g>.. all the best jer

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