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

To: donald sew who wrote (30040)	9/17/2000 12:33:31 PM
From: donald sew	Respond to of 42787

Gersh, Per my post on the 12 for 12 correlation, basicly it implied that in both term of time and price movement, we are slightly closer to a some sort of a bottom than a top. Its not that useful for mid/longer-term predictions, but the key is that if tomorrow is down strong(>150 DOW points and closes near the intraday LOWs(within 25%), then the better short-term play is to close/hedge short-positions and go partially long(SHORT-TERM TRADING). If intraday tomorrow does not appear to show weakness, then THAT DAY the 12 for 12 correlation was referring to may have occured on FRIDAY, implying again to close/hedge short posistions. My last point is that if tomorrow is THAT DAY, not FRIDAY, then we could see a strong/very strong down day on MONDAY, which again has a good chance of being a short-term, and possibly a mid-term bottom. The lowest probability is that the selloff continues and strengthens and drops more than another 400 DOW points. I have the DOW TRENDLINE around 10,700-10,750 for MON, so if the DOW does drop strongly on MONDAY, the 10,700-10,750 - again, if it gets that low.