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: Todd Reichardt who wrote (26998)	1/4/2002 12:09:24 PM
From: TechTrader42	Read Replies (2) of 52237

Looks more like a case of a classic Donald Sew Class 1 Sell to me. But that's a wild guess, because I don't know his system. It's too bad he isn't here to offer his thoughts. In any case, look at stochastics %K in various time frames. It's been up near 100 for the Naz (99.8 yesterday in one time frame, for example.) I have no idea why people get suckered into the market hype over and over and over again, and dismiss any suggestion that valuations do matter. In any case, from a purely technical point of view, the market was overbought. Just about everything is bumping against resistance at upper trendlines or channels. In September, nearly everyone was bearish. The market was headed much lower. Now just about everyone is bullish. What does that suggest? Gotta run. Gotta go fight the tape.

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