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


To: Paul Shread who wrote (36631)11/29/2000 9:47:29 AM
From: dennis michael patterson  Read Replies (3) | Respond to of 42787
 
I am too busy today to trade much, but the early going is not encouraging. I am now looking at old economy stocks foe the first time in 5 years



To: Paul Shread who wrote (36631)11/29/2000 10:47:06 AM
From: donald sew  Read Replies (1) | Respond to of 42787
 
Just got back from nice relaxing breakfast. Feel like a PIG and about to fall asleep.

Just notice that the SOX is slightly positive. Dont get me wrong, Im not expecting the SOX to go to the moon, just that it may be a hint of some sort of a bounce to occur/start today. Since we are now entering the end-of-month rally time, suspect that this forthcoming bounce could last longer than INTRADAY.

With these NEW LOWER LOWs, retest of these newer levels is still likely.

Paul, checking the NDX, notice that prior to last years srong rally, the NDX was trading in the range from about 2600-1900 for about 9 months in 1999. Wonder if that will eventually also become a trading range for the NDX. Heck, we are already at the top end of that range.