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

To: Paul Shread who wrote (40560)	1/10/2001 10:49:36 AM
From: OpusX	Respond to of 42787

trin below 1 now, big move possible here? anyone OpusX edit: damn! why'd I open my mouth

To: Paul Shread who wrote (40560)	1/10/2001 10:55:29 AM
From: Jan Crawley	Respond to of 42787

Paul, I bot 800 Csco at $34 and just sold at 36 3/8. Csco's tape looks good right now but I am out.

To: Paul Shread who wrote (40560)	1/10/2001 10:56:57 AM
From: JRI	Read Replies (1) \| Respond to of 42787

Just moved thru 2470 (end of last year finish)...pretty easily...also, we moved thru yesterday's resistance fairly easily... Today has the potential to be a GREAT day for the Naz- if these levels hold...if it does, and if I would be a bear, I would be getting as confused as hell.....With the Csco downgrade and 25-30 price target, weak Naz rally yesterday, etc.....Naz should have tanked today, and stayed there....and continued the trend that we are all (at least me) pretty sick of... Still a long time to go, and the Naz could still flop....but it would be huge if Naz could stay up here, or even, gulp, break 2500 intraday, and stay there on the close (compx)...if it would, and I were a bear, what would I do (short-term)? Hmmm.. Part of the durability of this down-trend in the Naz has been the unshakeable belief by the bears that we are going down...they have been shorting the heck out of this market.....for the Naz to go up, they need to learn (again) the same fear they had before March 2000.....could day be one of those days?......we'll see...

To: Paul Shread who wrote (40560)	1/10/2001 11:09:48 AM
From: JRI	Respond to of 42787

Paul, perhaps I'm getting way too giddy here...but, if we finish up on the Naz today, that would make 2 days in a row...(Early this morn., I was expecting a totally lame day, so feeling much better now-so far) Since Sept. 3rd, we haven't finished up 3 days in a row- not one time... Many/some are looking for that 3 day indicator to signal "all clear"..to me, it wouldn't mean the bear's over, but it would mean a move to 2800/3000 more likely... I would think, if we can finish above 2500 today...that some would get courage tomorrow...and we may finally break the "3 day rule"... Breaking the "3 day rule", IMO, would also confuse the bears...of course, breaking the upper downtrend line from Sept. would be even better...<G> Finally, apparently, stock funds received A LOT of inflows last week, due to big spike/Fed rate cuts....will it go towards redemptions or in the market?

To: Paul Shread who wrote (40560)	1/10/2001 11:31:30 AM
From: minorejoy2000	Read Replies (2) \| Respond to of 42787

Paul, I just read somewhere (where?--who knows, I read too much) that gap downs are much more likely to get filled and that gaps up don't get filled eventually as often. Heard of this before? Might be true? M

To: Paul Shread who wrote (40560)	1/10/2001 11:58:00 AM
From: Chris	Respond to of 42787

how we all doing?? buy signal still intact..

To: Paul Shread who wrote (40560)	1/10/2001 12:20:04 PM
From: JRI	Read Replies (1) \| Respond to of 42787

Woa...what just happened? Csco comment from conference? Huge selloff in a few minutes in Csco, Dow, Naz.. Geez, I'm starting to think about Don's comment about a spike, (that one should sell).... Real test for bulls here...can they bring it back?

To: Paul Shread who wrote (40560)	1/10/2001 12:49:01 PM
From: JRI	Read Replies (1) \| Respond to of 42787

Paul, today could be real significant (doncha think) IF we can close at the highs (or even above 2508): (1) Fulfills IBD "rule" (in a big way): At highs, would be a 3%+ move in the COMPX on strong/heavy volume on QQQs/COMPX (2) Would give us 2 up days in a row...a 3rd up tomorrow would be the 1st since Sept. 3rd. (3) Naz had every reason to tank at the open (and stay there)...fairly weak follow-thru day yesterday...Csco downgrade, 25-35 target this morn, Dow down big... (4) A close above 2500-2508 would get us above year-end finish/ and other technical levels.. (5) Csco rumor/comment shows that a significant "Wall of Worry" still out there...if the Naz can climb "wall of worry" successfully today...will give bears/shorts a lot to think about...no longer a "no-brainer" to short at every op. * As I type, Naz COMPX (along with Csco down pretty good) is floating along in the + 20's.....I'm probably looking for something clearer than what the market is likely going to give us..but I think you'd agree, any close above 2500 today on the COMPX would be a major victory for longs- given what could've happened......as always, we'll see...