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


To: Paul Shread who wrote (27848)8/17/2000 5:49:54 PM
From: Doo  Respond to of 42787
 
Today is Day 10, you don't count the day of the low.

Need to see the volume numbers today, but even if they are higher than today, there was nothing "strong, decisive, and conclusive" about the day's action. Rather, it was more "begrudging and on the fence..."

And, like I posted yesterday, we are still working off the May low which was confirmed by price and action. But, with the VIX piercing 20 for the first time since July '99 (I think) and IIA still in the danger zone, even follow through action has to be suspect for an intermediate term bullish move.

That's my view, FWIW.