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


To: Paul Shread who wrote (30356)9/20/2000 1:25:39 PM
From: drsvelte  Read Replies (1) | Respond to of 42787
 
From the Street.com

The Vultures Are Circling
9/20/00 12:23 PM ET

From my ears to your eyes, my trading contacts are telling me they are in touch with sellers who are waiting for higher prices to initiate sales. This is never a good sign, and I am putting on some MNX puts for a trade. Remember, this is against some longs, so keep that in mind.

The MNX, for those who can't access it, is simply a trading product which mimics the Nazzdogs. It trades .10 per dollar move of the NDX. It's a relatively new product, and we're giving a try as it is essentially a turbo QQQ.

Next support in the S&P is the 1433 level, which I'm being told is huge. It's the trendline support from the 99 lows. This level, by the way, comes courtesy of the Moskowitz report. Just giving credit where credit's due.



To: Paul Shread who wrote (30356)9/20/2000 1:30:11 PM
From: adcpres  Read Replies (1) | Respond to of 42787
 
Paul, quite interesting that the DOW has been on a straight monotonic decrease since 10:00am at the rate of 62 points per hour. If it continues, expect the DOW to close down about 360 points!!!

Again: SIGN OF THE BEAR???
someone pulled the drain plug GH



To: Paul Shread who wrote (30356)9/20/2000 1:48:34 PM
From: donald sew  Read Replies (2) | Respond to of 42787
 
Paul,

>>>> Critical support on the Dow is just above 10,500, the Oct. 98 trendline. <<<<

Since the TRENDLINE from the MARCH lows was broken to the downside, 10,500 does appear to be the next important support.

I guess the "3 BLACK CROWs" are working.