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: StockOperator who wrote (33846)	4/9/2002 4:31:05 PM
From: StockOperator	Read Replies (1) of 52237

You have to love the way the market works its magic. Yesterday the strength was in the Compx with over a 15 pt rise in the avg, while at the same time they pull the DOW all the way back from the brink and only close it down 22. Today, one day later, we start out the morning the exact opposite with the all the strength in the DOW while the Compx quickly gave up all of yesterdays gains early this morning. That weakness in the Compx was our first clue that the rally in the avgs yesterday was more for appearances than anything else. There is going to be wiggles along the way but this quarter should offer us a more significant breakdown in prices across the board. Even stocks like KO is close to shorting here. Look at the trading in HWP today. Up .29 - What an ugly day of distribution. WCOM which I hated weeks ago just before that March rally carried it up to $9 - 5.4 today. ORCL just took out the lows of the last six months. Bios continue to bleed. If you're a bull not to much to get excited about. Based on the trading of the last couple of days I don't believe we've seen the lows of the week. Good luck trading. SO

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