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

To: Electric who wrote (27178)8/9/2000 8:20:10 AM
From: dennis michael patterson  Read Replies (2) | Respond to of 42787
 
What makes you think I will make out before expiry? I appreciate the sentiment!! gggg I do think that if this euphoria fades, and I believe it will, the turndown will be swift and nasty. The interest rate question is now finished. No raise until after the election. Still, the action in leading stocks is not great. Sure, it IS great in some (e.g., SUNW and EMC) but not in others (e.g., INTC). I am looking for completion of the A-B-C correction in the Naz at around 4000 COMPX. I think many are. If the COMPX stalls there, the downtrend resumes. Yes, I have become a bear.



To: Electric who wrote (27178)8/9/2000 8:45:13 AM
From: dennis michael patterson  Respond to of 42787
 
Very interesting take on the markets this morning by the folks I read. If CSCO cannot get through 70, it looks like many folks will cash out their chips and stand aside. There are a lot of people short at 70 (well, there were at least) and I am anxious to see how Csco does today. "Csco is the market" seems to be today's mantra. Interesting


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