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


To: donald sew who wrote (23626)5/26/2000 1:24:00 AM
From: Jack T. Pearson  Read Replies (1) | Respond to of 42787
 
I just checked the Nasdaq Composite for the last five trading days. There have been two rallies. The one on Monday lasted two hours and was worth about 200 points. The one yesterday and into this morning lasted four hours and was worth about 300 points. Both rallies came at the end of the day and could not be sustained the following morning. A graph of the past two weeks is not the sort of picture to engender confidence in buying the dips. It looks like your bull run, in reverse. I will be very surprised if we get a rally tomorrow afternoon, before a three day weekend. If the market closes at a low tomorrow, Tuesday will be very exciting.