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

To: adcpres who wrote (39463)	12/28/2000 10:18:04 AM
From: JRI	Respond to of 42787

OT Thanks ad- You wouldn't believe how many times I've seen this rule misquoted, etc....on TV and in publications..those folks should turn in their licence!

To: adcpres who wrote (39463)	12/28/2000 10:51:24 AM
From: JRI	Read Replies (1) \| Respond to of 42787

I would think...if we break 2571 on the composite (which we should, IMO...doesn't look to be a lot of selling/shorting pressure here)... that it is a clear shot to 2600 today... What we do at that level, however, I have no clue.. I am also thinking about the stat....that the Naz composite has never finished down 4 months in a row..(don't know if true..I read it here)..so, what was our close on Nov. 30th? Was that the 2595 day, or were we in the 2600s? Either way, that stat, combined with the historic trend of up closes into end of year...PLUS the stat that in 5 of the 6 down years of Naz, the final week of the year was up.....the strongest of which was in 1973! Even though historical trends have not held this year..I dunno...shorts made a lot of money this year....I think most are out playing golf.....and fund managers dumped almost all last week... and are at home doing their own remodeling (vs. hiring the 100k contractor that they can no longer afford).. I'm putting that all in my pot, and figuring we should be OK here (in last 2 trading days) from any major Naz selloff...decent risk/reward for continued moderate upside...Will tomorrow be like last Friday? Hmmm...Pure SWAG... BTW- I think this rally means nothing...the real action begins again in Jan...