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

To: Chris who wrote (24966)	7/7/2000 9:22:26 AM
From: dennis michael patterson	Respond to of 42787

John T's chart of the SPX yesterday really told the tale. When we came down to the previous low, and it held, that was the signal to get long. Of course, getting long in front of today was risky, but one some might wish to take the risk. Two things were clear. First, if we took out the low, the downside would be swift and merciless. If we held, we'd rally. The latter scenario won out. Of course, there was no was to tell in advance whether the low would hold. But it did. And the long side was the place to be. The long side will remain the place to be through next week. The Fed is finished. Financials will rally and the semis will rock. The SSB downgrade was a gift. Anyone who bought the usual suspects (AMAT, Klic, Klac, Adi, Pmcs) will reap rewards for a few days. The question now is whether the COMPX can close above 4100. If it does, the Compx will melt up. It's all TA from here.