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

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To: Trading Machine who wrote (14248)8/9/2001 1:53:10 PM
From: phillong69  Read Replies (1) of 52237
 
Well, it looks like my entry criteria have been met if we close around where we are now. All indicies tested their resistance and held. Nice hammers/dojis all around. Last time that portended a good bounce.

With that said, I'm still more than a little bit nervous. The notion that $NDX needs to get to 1000 for sanity to prevail and $SPX needs a market weighted P/E of <= 20 come to mind.

Not much fear. But this really looks like an EP, so unless we really melt away in the afternoon (eating the bottom shadow that I like), I'm likely to move in 50-100% of 403 stuff into da market.

RR
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