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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (28895)1/30/2002 4:04:30 PM
From: Lee Lichterman III  Read Replies (2) of 52237
 
Gersh - Ahhh, Paul, yes, it should meet minimum requirement and this is in the range of a fib bounce of yesterday's drop. Just what we need, more conflicting signals!!! Nice hammers with volume to make the charts pretty, some short term VIX fear to shake out new weak hands yet real fundamental ugliness and lack of confidence that gives a reason for teh drop to be real and the rally false.

Note how the NASDAQ barely budged and never got any real fear. QCOM still above where it's bad report was made. Most of Larry's "Q" EMLX, BRCD etc higher than 22 Jan. MMM loses an asbestos case and rallies up over a point?

This high TICK reading is bugging me though so I am just going to hold my box and let things shake out a few days.

Good Luck,

Lee
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