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 (37505)	7/2/2002 11:05:34 AM
From: StockOperator	Read Replies (2) of 52237

I've been busy lately but I just wanted to make some quick comments on where I believe we go from here. Over the past couple of weeks I have been talking about the many stocks that have not broken down yet, JBL is just one. I have also been talking about the POSSIBILITY of a relief rally (brief) the beginning of the third qtr., only to be followed by a nasty continuation of this bearish trend, #reply-17653334. Last week's window dressing, may have been that rally. Regardless, the close last qtr. has sealed the fate on where prices go from here, and that direction is down. Just look at the NDX for the biggest clue for the group overall - a close below the Sept. lows. That close deserves respect. This qtr. should offer us the "cold slap in the face" by the market, to both pros and public that the second half recovery was the wrong investment to make. More broad based weakness to come. Regards, SO Edit: Look at the trading in SFA, SEBL, RATL, VRSN....multi year lows today. LEH multi-week h&s forming confirmed by technical damage done last qtr.... The clues are there.

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