Stock Attack II - A Complete Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: donald sew who wrote (21587)	10/14/2001 10:51:20 AM
From: Shtirlitz	Read Replies (2) of 52237

Don, As bullish as you sound after this rally, I want to point out the similarities to the April rally here. Strong short covering and panic buying absolutely not supported by any improvement in fundamentals aside, if you look at the weekly charts, you may notice how similar these moves are. 2 strong weeks of rally after prolonged sell-off, and the slow grind down, which resulted in a new low only 4 month later. If we are still in a bear market, and I see no reason to think otherwise, then this move should produce similar results. We had our 2 weeks of strong panic buying, and this may be the top or close to it for this rally, but the new low may be weeks away.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next