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 (37775)	7/9/2002 4:57:31 PM
From: StockOperator	Read Replies (1) of 52237

Thread, today was the market's big test and it failed miserably. That wall of water that started back in 2000 has a full head of steam behind it. Just look at what it did to FNM today. As I said over the last couple of weeks, you don't have a break of an almost two year consolidation only to break down for four weeks. Expect much lower prices. Look at the last two days for MERQ, yesterday's high will most likely "print" for the next six months. I have been mentioning JBL for weeks. Watching the chart everyday from this day forward will offer the eager observer the opportunity to witness the collapse of a stock's price. Think about all the nuances of the smart money as they accomplish their goal of unloading this stock. Watching it live but instead using their tools against them with every false run-up, because their intentions are known in advance. Just like my comments about MERQ two days ago being a "gift" to the short sellers. With prices running into a major brick wall, yesterday's reversal was the first big clue that the recent runup was over. An opportunity to use their tactics to my favor. All war is based on deception Bud Fox <g>.

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