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


To: Paul Shread who wrote (40312)1/8/2001 1:28:42 PM
From: JRI  Read Replies (1) | Respond to of 42787
 
Paul, I'm pretty surprised how easily the Naz gave up the "Fed jump" from last week...either, there has been a ton of distribution happening (not good)....or, folks who bought last Wednesday turned around and sold immmediately....talk about weak hands....

Naz has had no juice since around 11 AM this morn...awful.....



To: Paul Shread who wrote (40312)1/8/2001 1:41:01 PM
From: adcpres  Read Replies (1) | Respond to of 42787
 
Paul, On the day Greenspan cut rates the lows were:

OEX: 664.56
SOX: 556.39
SPX: 1274.61
NDX: 2087.32
COMP: 2251.69
VIX: 28-15/32 ---> 34-55/64

We have a ways to go but not too far.

I have been watching VRSN. In the past few weeks it has been bouncing between $60 and $80 and today reaching the 52 week low. Very tempted to buy here. Would be a good buy if the market recovers. GH



To: Paul Shread who wrote (40312)1/8/2001 2:43:20 PM
From: donald sew  Read Replies (1) | Respond to of 42787
 
Paul,

Just bought back into the biotech I have been playing. The market internals have deteriorated some but no where near previous extremes.

I have a borderline CLASS 1 BUY on the BTK(biotechs).

So Im looking for either one more down day with bounce to start as early as tomorrow