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

To: Chris who wrote (26702)	8/3/2000 10:39:40 AM
From: drsvelte	Respond to of 42787

I think your gut feel will play out correctly today!

To: Chris who wrote (26702)	8/3/2000 10:44:02 AM
From: Robert Graham	Respond to of 42787

I think price is now setting up for another push down at this point. If price moves up from here, it can whipsaw. Well, after a brief whipsaw, price is now moving up to close the gap. Found buyers at a pullback to the 20 EMA 5. Bob Graham

To: Chris who wrote (26702)	8/3/2000 10:45:10 AM
From: Electric	Read Replies (3) \| Respond to of 42787

Chris, Dow just went positive. My gut feel about 30 min ago was that there will be a cyclical move into the Dow and that it has a chance for a BIG move today, I am talking 100 points. I do want to mention that isnt tomorrow the big employment number? I hope I am right about that, but my gut feel says that we have to get in another rally before we eventually wash out and tomorrow may be the catalyst for the rally. I dont think we dump at the end of the day, especially if the Dow moves higher as I think it can. This morning I had zero positive stocks, now I have about 15% positive.. I am worried that CSCO is positive. I think that the big move down might start the day after they report earnings, next Tuesday.

To: Chris who wrote (26702)	8/3/2000 11:01:38 AM
From: Joseph Waligore	Respond to of 42787

NDX fibonacci number from may lows to July highs is 3352 for 62% (around where we bounced today) and 3493 for 50% (around where we were bouncing earlier this week). Maybe we will get one more bounce up from the 62% line today. But if it goes under that, under warning signal (as if we need more of them.)

To: Chris who wrote (26702)	8/3/2000 11:17:36 AM
From: Robert Graham	Read Replies (3) \| Respond to of 42787

Perhaps a trade for a long at 1445.25. But I would want another pullback to support before taking this one. :-) The momentum indicator on the 3-min has not given a sell signal, and both the 3-min and 1-min Stochs bottomed out on this pullback. As soon as the 1-min Stochs topped out, price pulled back below a resistance line. This whipsawing action is just what I was anticipating. Now price is selling off more. I am using the 7-min and 3-min charts in this market. Bob Graham