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

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To: Nancy who wrote (50214)7/1/2004 11:44:01 PM
From: Compadre  Read Replies (1) of 52237
 
I know it's not what you said. It's what I added together from your information. It seems to be the case, since the SOX chart is reflecting that. Today's candle is a huge long black candle, and appear to negate the break out.
More so, the SPX, OEX, INDU and many more are looking like if they are rolling over.
The NDX (What I trade mostly) broke the 5 sma again, and this time may be for good. That's why I said earlier that if this does not bounce today, I will be looking a the exits. This may well be a fake break out, who knows.
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