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

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To: Compadre who wrote (49108)5/6/2004 1:44:23 PM
From: Michael Watkins  Read Replies (1) of 52237
 
If it breaks down from this range

trendvue.com

Daily Bear flag targets hit on SPX and DOW - perhaps its time to pause and reflect before tomorrow now. If todays high gets cleared I can see a decent rally setting up. If a retest of March is in the cards, we'll have to wait a while before we know if it can hold or not.

A/D ratio remains deep in sell territory all day.

There was a decent buy setup on NQ earlier however
trendvue.com

But it hasn't really done all that much. I can't see anything lasting developing given this apparent fixation wth tomorrows number. And once its out... what then?

Market needs to stop going down on bad news. That's the tell.

LOL it needs to stop going down on Good News too LOL
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