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

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To: Paul Shread who wrote (21558)10/12/2001 6:01:25 PM
From: isopatch  Read Replies (2) of 52237
 
Paul. Improvement followed increase in lease rates

which took place after the COTs "picture was taken" on Tuesday. So probably more net short covering the past 2 days.

Why?

Remember the old "monetary weekends" in the 70s and 80s?

Well, IMO that's been replaced by terror alert weekends. My read is that the major FBI warning issued yesterday, prompted covering and some buying as the weekend stared traders in the face. If nothing big happens by early next week my guess is we get the C wave down into the $270s

BWDIK<lol> This is the wildest market environment I've ever worked in. Just thank the good Lord I'm making some money in it.

Iso
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