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

To: JRI who wrote (40275)	1/8/2001 9:15:33 AM
From: Square_Dealings	Read Replies (1) \| Respond to of 42787

"If one is "following the trend", it would appear that the burden of proof is on the bears here" The most conservative way to play the market now is to wait and let it bottom and then break above resistance. So the way I see it the burden of proof is on the bulls, the trend is down or sideways on all the major indexes. Short term I would buy on major spikes down on heavy volume for bounces, longer term I would wait for the channels to get broken to the upside. I think the old TA is not working anymore, and I wouldn't use history to predict the future here. We are living in a unique times. Still some good charts in the energy/oil/nat gas sector though, for how long it holds up I dont know. M.