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

To: Chris who wrote (32827)	10/13/2000 12:48:03 AM
From: Casaubon	Read Replies (1) \| Respond to of 42787

Chris, I had hedged short NDX on the previous touch of that trendline and held the position until the day before it broke down, taking a very minor loss on the trade (not counting lost opportunity dollars <ggg>). Looking at that chart in retrospect makes me smile. It's really been an outstanding year for me overall. Thanks for sharing your work.

To: Chris who wrote (32827)	10/13/2000 12:48:21 AM
From: bobby beara	Read Replies (3) \| Respond to of 42787

Good chart Chris, especially the part "i thought this would hold" you and everybody else thought this was a basing pattern for the next bull move in nasdaq, a bear market rising wedge off a pole down from the march top. given that margin debt rose from the march levels at the september top, i would expect to see more forced selling, Bernie Ebbers of WCOM is supposedly an "insider" and he recently had to sell off his margin, what does that mean for the everyday joe trader on margin. also notice the nas has closed below the gap off the may lows, for gaps to remain as supports, the gap may be probed but, not closed below, this may be another hint that the rally off the may lows is a countertrend rally.

To: Chris who wrote (32827)	10/13/2000 7:28:01 AM
From: donald sew	Read Replies (1) \| Respond to of 42787

Chris, >>>>> to be ready to purchase some of these stocks at attractive prices (these buying opportunities only occur every 3-4 years) <<<<< Yes many stocks are now cheap and I too will be buying with a time horizon of 5-10 years if this does become an extended bear market.

To: Chris who wrote (32827)	10/13/2000 8:57:38 AM
From: Paul Shread	Respond to of 42787

Chris, That NDX chart is a rising wedge. The expected move on a rising wedge break is to where the pattern began (i.e., here). A lot of predicted big moves haven't worked out lately, but that one certainly did. My long-term portfolio is down about 5%. I should probably be pretty damn happy about that. Hopefully this won't get any worse. Still have 25-40% in cash for long-term holdings, depending on how I want to allocate. As Don said and I said yesterday, this market is extremely oversold. Hopefully there'll be a bit of oomph in this bounce. I may lighten up on my tech holdings; the Nasdaq looks like it could be ultimately headed for 2000. Of course, when everyone says things like that is exactly when it turns around. Good luck to you and your family. Paul