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: TechTrader42 who wrote (35621)	5/7/2002 7:02:54 PM
From: ajtj99	Read Replies (2) of 52237

There are plenty of reasons why this is not the bottom: -VIX and VXN still not high enough -No -1000 tic readings (that I have seen). Usually we see a string of them at bottoms. -Major support levels have been breached without lower underlying support being tested yet -MACD and other indicators just turning over on many charts, indicating there is more down ahead. -Three black crows. Nuff said. -BTK and other indices breaching 2-year lows. Anyway, I could go on. I am shorting hard if we reach COMP 1640. I already have a 1/3 position of BTK puts bought at about 382 BTK as a hedge against CSCO. I'll look to fill out the rest of the position at either BTK 406 or 425 (fat chance on 425).

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