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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: dennis michael patterson who wrote (16634)10/14/1998 9:11:00 PM
From: Judy  Read Replies (1) of 42787
 
dennis, thanks for the update.

Favors sweats the daily details only because he has a host of subscribers and needs the text. But for several weeks now ... we have been saying that the market must definitively test 8100-8200 before the short-term direction is clear.

Ralph Acampora said this short-term rally was tradeable on the upside, and I will go with that until the market tests resistance HARD. Some SI posts have poohed poohed Ralph and likened him to a weathervane, that he points in the direction of the wind ... after the wind blows. Don't these naive people realize to obtain data the event must occur first?? But to objectively read the data requires skill and NO EGO?? What these posters fail to appreciate, so what if a tech guru does not catch the turn precisely ... catching 75 percent of the ride still yields healthy profit.
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