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


To: Paul Shread who wrote (33060)10/16/2000 12:31:27 PM
From: donald sew  Respond to of 42787
 
Paul,

>>>> An analyst telling me to sell into strength on INTC should lose his job. Where was he six weeks ago, when it was clear the company was having trouble? <<<<

I have been saying that for a long long time. An analyst isnt worth C---, if he cannot help one conserve capital closer to the highs than the lows. INTC has already lost about 50%. REMEMBER THESE ANALYSTS in the future.

Paul, I dont know if there will be NEW LOWs set immediately in the NAZ, but there is a high probability of a retest. Whether it starts now or we bounce up again, I dont know.

Currently my bias in the mutual fund account is still to the upside, but I will be making that bias flat within days if not today and may change it to a short bias if the NDX can get up some steam to the upside.



To: Paul Shread who wrote (33060)10/16/2000 12:42:36 PM
From: donald sew  Read Replies (1) | Respond to of 42787
 
Just remembered.

Although the follow-thru today is not good so far there is still a possibility of a 3-DAY PATTERN. DAY 1 was FRIDAY so if today is relatively flat (+/- 50 points), there is still a possibility of tomorrow being up strong/nicely.

If we do close relatively flat then I will keep my UPSIDE BIAS and play for the 3 DAY pattern.