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


To: Paul Shread who wrote (36259)11/24/2000 10:36:53 AM
From: donald sew  Read Replies (3) | Respond to of 42787
 
Paul,

I have not changed my position from several months ago which was that I will become bearish(longer-term) if the SPX drops below 1340, which first occurred in OCT.

However, for the mid-term Im getting more and more technical support for a mid-term(30-day) rally. Im not saying that this rally will go to the moon, but do feel that it should at least take the NDX to the 38% FIB level. Whether that occurs in a few days or a month - will be looking for clues.

Also I wont get overly bullish with strong 1-2 day rallies as we are seeing today, since I wont ignore the possibility of a retest of the previous lows first before the more significant up-leg starts.

Seeya



To: Paul Shread who wrote (36259)11/24/2000 11:45:59 AM
From: dawgfan2000  Read Replies (1) | Respond to of 42787
 
Hi Paul,

You obviously have my attention now on broadening tops <ggg>. But I am curious what you and bb are seeing with BA. What time frame do you use to identify these tops?

BA has been a holding of mine since $38 and my exit point was $72 which is closing in. With their new highs, strong business sales recently and revamp of profitability, the FA side still seems strong. Admittedly, I have chosen $72 as my exit because I agree the run up is losing steam; being a conservative stock, $33 to $69 has been a heck of a run.

If you have a link for broadening top strategies, I would be appreciative. TIA