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

To: StockOperator who wrote (35053)	11/8/2000 10:28:31 AM
From: Daveyk	Read Replies (1) \| Respond to of 42787

ORCL bearish catapult;not good.

To: StockOperator who wrote (35053)	11/8/2000 10:29:54 AM
From: Paul Shread	Read Replies (2) \| Respond to of 42787

Barton Biggs is calling for two quarters of recession next year. God I love that old curmudgeon. Guess he's bound to be right sooner or later. ;-)

To: StockOperator who wrote (35053)	11/8/2000 10:53:27 AM
From: StockOperator	Respond to of 42787

The trend through Friday will be very important. We are beginning to see an acceleration in the selling. The NAZ may be beginning to roll over as we speak. Same thing applies to CSCO. Check out BRCM (160) down another 13 today. It was 230 just a few weeks ago when I pointed out the H&S pattern. This is part of the reason why I've been so negative on stocks like QCOM, especially through its recent ascent. Its rise has been an attempted break of a right shoulder on a daily chart. Patterns overall that are very negative. The great thing about W.S. is that everyday it provides an environment in which to learn. This game can be very tricky. Especially since you have no idea who your friends are. Who can you trust? The analyst that reaffirmed his $200 price target on RMBS just last week? In this market environment! I don't think so! Lets just say that I would be very surprised to see that happen. The analysts were even making favorable comments on BRCM back in the 250 range. Most of these guys are not worth listening to. Many have their own agendas. The best thing any investor can do to level the playing field, imo, is to pick up a book on TA and start reading. Charts have a way of capturing the footprints of where prices are actually going. Especially when up against the smartest guys W.S.. Their greatest asset is volatility. Ours are the charts. Good trading. SO