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


To: Chris who wrote (42490)2/9/2001 9:45:43 PM
From: JRI  Read Replies (1) | Respond to of 42787
 
I'm with ya' there...hoping for gap down morning.....maybe a tiny one (20 pts)...hitting COMPX 2450 would be nice...previous poster brought up a good chart with resistance there...otherwise, don't see any other resistance between there and 2350 (do you?)...I like buying at resistance <G>..

I would think we would rally into Greenie's speech....i could see us selling after speech, but it is also options ex (aren't they usually up weeks, followed by a down week?)
In any event, down Monday morn, and I think it is good risk/reward to play for an oversold bounce....gap up...and I'll wait for it to come back...that should happen in this market...

How far can this rally go? Based on my rant to Paul, I am pretty negative that it is only enough to let out hot air for next down move...today's action (and yesterday SOOO lame)..unreal with Greenie in corner and tax cuts on the way...who'd thunk??

Cheers...appreciate your tips and posts...