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


To: Paul Shread who wrote (42181)2/7/2001 11:29:33 AM
From: JRI  Read Replies (1) | Respond to of 42787
 
Paul, Dow seems like it wants to break 11k today (and stick)..on the daily, it keep pulling back to around same level, and then going higher)..

If Dow gives buy signal, it'll be interesting to see how it affects Naz...will it support it (keep it from falling? much further), or will we see more sector rotation (from Naz to Dow)...already Dow near overbought, Naz near oversold....so how long can that rotation take place?

Of course, if the Dow can't break/hold 11,007....and it starts going down (with Naz)...well, I guess there's no argument then...

Just looked at the chart again...dow looking like its about to break out today..



To: Paul Shread who wrote (42181)2/7/2001 11:53:27 AM
From: JRI  Read Replies (3) | Respond to of 42787
 
Didn't the Naz Compx go down to 2586 a couple days ago....if so, if we hold that level today, does that have any significance?

Not fishin' for optimism, its just that the negativity on the thread (for short-term Naz) has been clear...just looking for some counter- signals for some balance..



To: Paul Shread who wrote (42181)2/7/2001 12:36:11 PM
From: dennis michael patterson  Respond to of 42787
 
I put on 2 trades before class and see I was stopped out. Will probably re-enter