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 (36961)	6/11/2002 8:36:47 PM
From: Mike Learner	Read Replies (1) of 52237

I track "Holders" and many of them are below their monthly charts. It is difficult to find support levels for them and I need to switch to the indexes. RKH, regional banks, are also going red! PPH and BBH are falling knives at this stage. SPY has approx. 7.8% more to erase to find its next support. It appears that there are no place to hide! Gold, cash, and hard assets rule for now. I agree that many charts indicate big daily drops or gap downs are in the picture. It could very well be that we have been in denial phase of this bear market. Interesting time, Mike

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