Stock Attack -- A Complete Analysis Message Board

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

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To: dennis michael patterson who wrote (15799)	9/23/1998 5:26:00 PM
From: Judy	Read Replies (1) of 42787

Dennis, I have been using a 2/3 retracement of the current drop as the resistance level for the DOW, or 8200, and will gauge things from there. Analysts like Favors and Acampora really can't say anything more precise until they see the market action and assess their technicals accordingly. Not sure why people on SI are moaning and groaning that these gurus are whistling in the wind until they get all signs confirming. In addition, my sense is that 3Q window dressing is occurring now, hence the strength in big cap bellweathers with consistent earnings like PFE, GE, AOL, CSCO, MSFT, INTC, DELL or stocks that have pre-announced GOOD earnings. Moreover, distribution occurs from intermediate tops, not intermediate bottoms. Refer to my post two weeks ago... Message 5689745

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