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

To: JRI who wrote (324)	2/16/2001 12:27:19 PM
From: adcpres	Read Replies (1) \| Respond to of 52237

JRI, It is indeed puzzling that the market remains flat off the open. Usually when the ZTRIN is above 3 with the down/up vol greater than 4:1, we see continuous point decline as the day progresses but not so far today. Don't know what is keeping it from tanking further. End of day may be exciting. GH

To: JRI who wrote (324)	2/16/2001 12:29:49 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Funny that we haven't taken out the Feb. 13 close yet (2427.72). In bear markets, shorts cover on Fridays before three-day weekends, if I remember correctly; in bull markets, longs sell on those days. This afternoon should be interesting. >>never recall seeing the market down so much at open<< Can you say exhaustion gap? I'm encouraged by what I see so far, the inability to take out some key supports despite all the negativity ... so far. Volume's not high enough to take out a support of this magnitude ... yet. Knock on wood on that one.