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

To: Paul Shread who wrote (42313)	2/8/2001 10:48:09 AM
From: JRI	Respond to of 42787

Looks like the channel line IS providing resistance....Naz stalled between 2646-2652 for many minutes....I suppose with a clean break the next stop is the highs from the other day? (What was that...almost 2700?)...after that, I guess we would have to rethink yesterday's low (although since the volume pretty light- ex-Cisco- hard to believe that was the higher low we are all looking for)... Hope the channel line holds as resistance...that would make 2 unsuccessful tests (on upside- 2 days ago, and then today)....then it would be clear that some more downside is coming, I think.... Given that many of the individual stocks are near-oversold here (tech)...I am hoping (after this mini-rally fails) that we can drive the Naz down another couple hundred pts.....get a CLASS ONE on Dow's index...and have a bunch of (oversold) techs to pick from for the bounce...that would be a safe-r game to play..I think...