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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: SBerglowe who wrote (21907)8/10/1999 9:53:00 PM
From: Electric  Read Replies (1) | Respond to of 42787
 
I see we think alike, the only problem is expiration for me is too soon and I think our thinking will work out, but I dont want to pay Sept premium just yet on the S&P.

What we are seeing is evident and obvious, there isnt any way that someone can call what happened today as short covering, or day traders. I dont buy it, the majority of the market is fundies and that is all there is too it. We are seeing the kind of crap that makes me dislike computers..lol

I dont have a chance to see the trin to see if it supports our thinking, I do know that the A/D line sure does. Also new highs/new lows isnt so hot, but it is seeming to be oversold (new lows is getting too high) So although we may be right, it doesnt matter 'cause all we get to do is buy popcorn and watch the movie, while placing side bets on the ending...

What do you think about tomorrow AM?