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: donald sew who wrote (12786)	7/26/2001 4:00:06 PM
From: Arik T.G.	Read Replies (1) of 52237

Looks like a pretty convincing rally here, with the storm of bad news subsiding. Naz just hit its head at the down trend line of the last 20 days. A small correction here and breaking lose tomorrow? Guess there's going to be some GDP turmoil before the open and then off to the races. But the big proof of a second leg up from the April low should be a higher local high (trading over SPX 1225 Naz 2105) and that would compel the indices to take out the May highs before the bear resumes. These targets don't look so far away now. There was a lot of pessimism built into the S&P futures before the open today, and they never went that low during regular session. Lots of disbelief in yesterday's strong close, and that was positive once proven wrong. ATG

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