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

To: dennis michael patterson who wrote (40514)1/9/2001 11:31:42 PM
From: NucTrader  Read Replies (2) | Respond to of 42787
 
Ed Downs says:
>>In Summary:

As I said yesterday, we are in a
dangerous situation here, with
bearish consolidation patterns in
both the NASDAQ and OEX, and
the Dow sitting at the apex of its
Diamond pattern in the Weekly
Chart. We will go Long here if our
fulcrum levels are crossed, but I
see potential for a sudden, hard
drop any day now. Just be ready to
exit, and go with the flow if we
drop further below our fulcrums -
and especially if we drop through
critical support at 10,300 on the
Dow, 2,300 on the NASDAQ
Composite. <<



To: dennis michael patterson who wrote (40514)1/10/2001 6:37:31 AM
From: Square_Dealings  Read Replies (1) | Respond to of 42787
 
Some scary stuff going on with them banks.

The BKX looks like they suckered everyone in and dumped on the breakout. Guess our friendly bankers were looking to get rid of a few shares but they needed the public to be fully buying at the time, thus the widespread propaganda - media blitz about how good the sector is going to be doing.

Another day at the office for the criminals.

M.


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