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


To: dvdw© who wrote (30388)9/20/2000 3:44:49 PM
From: oldirtybastard  Read Replies (1) | Respond to of 42787
 
Then it won't matter if that is really the case...INTC, CSCO, SEBL, SUNW can warn and everyone will say, oh well, lets find the next big winner. The NOK warning didn't scare anyone away, what's to say any of these will.

I just think that most people are wrong as to which of these mid caps will be winners, there are too many winners priced out there, almost every stock is priced like it is already a 2005 winner. Will there ever be a time that after enough people have been burned because they were horribly wrong that they will say enough, and actually stop figure out what it is they are paying $200/share for?

Most people have a hard time walking out of a casino too, at least with any of their winnings.



To: dvdw© who wrote (30388)9/20/2000 4:14:49 PM
From: donald sew  Read Replies (3) | Respond to of 42787
 
Lee highlighted that the SPX broke below the MAIN TRENDLINE from the OCT 1998 LOWS on a intraday basis, but with the rally it was able to close right at that MAIN TRENDLINE.

Was it just an overshoot to the downside or a hint of further negativity. For me, I need follow-thru confirmation but regardless I wont ignore that the MAIN TRENDLINE was pierced to the downside.