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

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To: gerard mangiardi who wrote (20964)10/5/2001 4:48:48 PM
From: Paul Shread  Read Replies (1) of 52237
 
I agree we could have another leg up when the current correction runs its course, but that's one bearish-looking chart on the BKX, and the SPX broke down today too. I would at least consider the possibility that the rally may be over. If we break 1530 on the COMPX and about 8700 on the Dow and 1020 on the SPX, it's probably over. At the least, those levels would suggest it's just a bear market correction.
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