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

To: John Carson who wrote (42081)	2/6/2001 12:41:18 PM
From: JRI	Respond to of 42787

Paul, John et al: How's this for a scenario- If we finish at/above these levels today, Dow above 11,007...Naz (let's say)- 2%+ day and close above 2700....wouldn't that be (short-term) bullish on both? Naz is coming off a fairly oversold condition... Now, given Don's concerns about VIX (Dow)....maybe Dow runs 1-2 more days, and then rests a couple days (to get back into mid-range)- all the while, staying above 11k....if so, I would think the Naz would have to pull the load for those few days (and has entered a nice up period here)....until Dow regains force, and makes a run at 12k.. So, both trains pulling, at different times...but the Dow the main train...Maybe Dow towards 12k, Naz towards 3k....until end-of-month weakness lays claim to Naz... I can't see the Naz running up clear into Fed meeting..thinking that late Feb/early March Naz is very vulnerable....hopefully not sooner... Of course, Cisco is a key...but it would be unlike Chambers to lay a bigger egg than what the market ALREADY expects..also, SUNW has been pounded pretty good too...maybe a little relief rally?