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


To: Secret_Agent_Man who wrote (35872)11/17/2000 9:38:18 PM
From: John Madarasz  Read Replies (2) | Respond to of 42787
 
Four days of distribution already this month... a defensive posture is warranted

stockcharts.com[L,A]DACLYIMY[DB][PB50!B200!D20,2!F][VC60][IUB14!LA8,17,9!LF!LH5,5!LI5,5!LG!LC20]

no rally of any substance has developed this year, this early in any month, after 4 days of distribution

in fact 30% of the days in the last 3 months since the sept 1st top of 4259.9 have experienced distribution at higher prices than todays close. That's about 15 out of the last 54 sessions... and the COT still stands at a record short 79000 contracts. Something to think about anyway.

but 1150 sounds like as good a target as any<ggg>

Break out the Model T... this could be just like the old days...<ggg>

bahruugga!!!