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


To: adcpres who wrote (40159)1/6/2001 12:52:32 AM
From: Stephen  Respond to of 42787
 
GH, SI kept losing my eaarlier replies - so I'll try again now !!

I waited and waited for the sign to allow a safe entry, but there was just gradual deterioration due to lack of buyers. Just aswell there was nothing new to sppok the market further or it could have been really ugly from what I saw.

As for the close ... I expected more shorts to close positions ... so expected a stronger finish. At the same time its possible we ran out of sellers aswell as buyers today ... but Monday could easily change that. I expect sentiment to be pretty negative by Monday - and expect the overseas markets to be down along with the dollar. If anyone wants to buy that first thing Monday they are welcome ... but not me - I'm not leading anyone anywhere - LOL!!.

All the evidence says we've had sharp one day bear market rallies in the NASD in a severe downtrend. If a real trend turn comes, there are always stocks that get left behind initially, so rather than be early to the party and find that only the caterers have arrived, I'm happy to be fashionable late ...GG.

Have a great weekend GH ... and everyone ..

Regards

Stephen