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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: StockOperator who wrote (37301)6/24/2002 8:17:53 AM
From: StockOperator  Read Replies (1) of 52237
 
Over the past couple of weeks or so I said I was not really expecting a rally prior to months end and that I was looking for an ugly "print" or finish for the qtr. overall. After looking at things over the weekend, I did not see anything to make me want to deviate from that scenario. As a matter of fact this week has the potential to be really ugly with many stocks playing catch-up to their downward trends. Here are some technical things worth noting going into this new week:

Based off the chart, FNM is definitely broken down from its consolidating pattern of more than a YEAR.

Stock like LEH, MOT, AMZN, JBL, FDX, and the transports are in "do or die" positions. Watch these "reluctant followers" they're sure to break as well.

Stocks that have some catching up to do with their downward trends: OSIS, MANH, CSCO and QCOM could have a really bad week.

Bios like HGSI and CHIR; Utilities like DYN and CPN ....more pressure coming.

I could keep going but the point that I want to make is that there's very few places to hide. Mining stocks seem to be in a similar position - "do or die." Stocks are going to try to push higher again.

Should be another interesting week.

Profitable trading.

SO
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