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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: patron_anejo_por_favor who wrote (37782)7/10/2002 7:47:11 AM
From: Jerry Olson  Read Replies (2) of 52237
 
patron

the DXU2 double bottomed yesterday at 106 even...it needs 106.60 to reverse up..

as for FNM this stock is a major league short...

as for gold...the Precious Metals Bullish Percent yesterday was up 9%, that one hell of a move in one day, and reversed back up on the P&F chart..

so you gold bug buyers you'll need the XAU on a print of 82 to breakout..and the futes to take out 319...

however..a caveat here...there' a confluence of events coming together on these charts that still look like shorts..as well both the VIX and VXN are at double top areas...if they do not breakout..we are going to rally up from here or Thursday to cycle highs about the 16th/17th time frame..

there's a ton of potential actions that everyone needs to be ready for...
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