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

To: JRI who wrote (40649)	1/11/2001 10:29:23 AM
From: NucTrader	Respond to of 42787

.....that was from yesterday If you noticed the heading, it was the update for today's market, so he would use 2450 on COMPX as pivot point. I think the market behaving as has it has already in face of all the negative news is positive. Basically, it's looking beyond the bad earnings and possible bankruptcy (so far...). Now if the Fed will give us another rate cut right now before 11 am ET, we'll be good to go near term. Doesn't mean we couldn't retrace, but failure to swing down bigtime, suggesting we were still in wave 3 of C or some other big down wave, suggests bottom is already in?