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


To: StockOperator who wrote (33845)10/23/2000 12:13:39 AM
From: Galirayo  Read Replies (1) | Respond to of 42787
 
But what I think is important to remember that even with all this recent weakness in this INDEX the longest term trend still remains BULLISH.

I'd like to find a Chart I could Post with a 5 Year Linear Regression Channel. It's Definitely an UpTrend. We just shot out of the Top line and are now back near the Bottom Line and Bouncing Up.

It could change .. it's unclear to me .. that's why I'm seeking out other thoughts & opinions on it all. But All in all it's still gonna be a Stock Pickers Market even to the point of changing the weighting of the indices.

Does Tier Two or Three come in to play in a significant way?

Happy Bids!

Ray



To: StockOperator who wrote (33845)10/25/2000 11:18:53 AM
From: StockOperator  Read Replies (1) | Respond to of 42787
 
The right shoulder for stocks like PMCS and BRCM have begun to crack. We could see a little bit of a bounce over the next couple of day simply because there is still room to do so within the overall trend. This recent break in the optical group should offer no doubts that this overall down trend in still in place. The month of November will be the test to see whether or not the indices and stocks like CSCO can hold their lows.

Lots of other things happening - ARBA possible H&S, Watch for weakness in INTC, SUNW is trying to run for cover) prices teetering on a fence, right shoulder for CMRC beginning to crack. The market is going to try very hard over the rest of the week to appear to be strong. The smart money will try to hide their motives by showing prices close in the green, but pay attention to closing prices relative to opening prices. Usually the first signs of weakness will show here first.

Good trading.

SO