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

To: Paul Shread who wrote (26202)7/28/2000 4:07:08 PM
From: John T.  Respond to of 42787
 
Paul, you could right. I'm just basing my opinion on my wave count and technicals as I see them. I think we're going to get a corrective rally that should last a few days. After that we'll probably go lower. Perhaps, much lower.

ODB, brought up a good subject -- margin calls. That might start kicking in next week.



To: Paul Shread who wrote (26202)7/28/2000 4:09:20 PM
From: donald sew  Read Replies (3) | Respond to of 42787
 
Paul,

It does feel like capitulation, but a minor one not a major one since the VIX is only around 24. Still a bit of complacency with the VIX. Enough capitualation for a short-term bounce I think.

Spoke to a person at PROFUNDS who indicated there was quite a bit of buying today.


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