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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: StockOperator who wrote (35656)5/10/2002 4:21:20 PM
From: StockOperator   of 52237
 
What a week! We've been on rides like this before. Last great one was the two week move at the beginning of March. The thing to notice is the difference in timespan compared to that rally - two weeks vs one day. The reason being simply the significant technical damage done over the past couple of weeks. Based off where prices are trading the markets could not allow anything more or we would have been looking at some breakouts here. But yet rallies like the other day are reasons why I sit back and let the week play out as it may. It's the close on Friday that defines the week overall. And based off what we're looking at today a completely different picture compared to Wednesday with both the Compx and Dow closing below last week's close.

Anyway, it is still too early to assess the week overall. I want to get a look at the stocks I follow. Qcharts didn't help today with their server problems. Crappy all day. I hope to post something this weekend.

Have a good weekend.

SO
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