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: SpecialK who wrote (46722)	8/22/2003 7:20:58 PM
From: Compadre	Read Replies (1) of 52237

Interesting call Ketan. I am not ready to do the same yet. I still think there is an upside, base on the technicals ( mainly momentum indicators). One thing that I have started tracking lately is the VXN, and it has broken down as of last week. I believe that it takes quite a bit of momentum to cause it to break down, and it will take a lot of negativity to cause the NAZ to reverse from here. I have other indicators telling the same story. The DOW and the NAZ are leading here. If only the SPX and OEX would catch up, it would be one heck of a rally. But then, that is the bad part of this bull. It's not so broad based. I think the next target is in the 1280 area and it may rally again. Remember that the end of the month is coming next week.

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