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

To: Paul Shread who wrote (412)	2/17/2001 12:45:45 PM
From: Chris	Respond to of 52237

i havent posted much because ive been really busy and im also seeing if this new thread is working out.. (on it's own) have a good weekend

To: Paul Shread who wrote (412)	2/17/2001 1:13:05 PM
From: JRI	Read Replies (2) \| Respond to of 52237

Paul, after reviewing a lot of my favorite posters, and their "scenarios", it appears that many/most are looking for a bounce sometime next week (some as early as Tues. morn.), and that they believe 90 COMPX LOG line (and other resistance too) should hold... That is all fine and dandy, but the problem I have is: We are SOOO close to 2400 area AS IS....we could easy gap below it on Tuesday.....not a lot of play room there... (I am assuming that you mean we will not breech 90 COMPX LOG intraday, although i do believe we did do so in Oct. '98, during the "panic" day....of course, we recovered to finish above).. I suppose we'll know soon enough....BTW- One other of my favorite posters puts the Log line at 2364....whadda think? PS- I have to admit, I would think the Dow would have to crack down to 10k and below, as the Naz is cracking 2300 (and we'd get our final flush)...Dow seem unwilling to crack, so maybe that is a good indication that naz will hold here too (this time)...I just can't see Naz cracking below 2300 (which, IMO) would mean we must go a couple hundred pts. lower and panic but good....WITHOUT a similiar crack/panic in Dow....Later this year?)

To: Paul Shread who wrote (412)	2/17/2001 9:50:12 PM
From: JRI	Read Replies (1) \| Respond to of 52237

Paul, as I commented on MDD...isn't this week "fish-or-cut bait"? We are "only" 50 pts or so below the downward sloping (pretty major) upper channel line from September..obviously, if we break above that (and hold) we are back out of the downward channel, and some major upside (3000?) is certainly not-out-of-the-question. Given that weirdo Thursday/Friday..."yes, we do/no, we don't" action (highly likely due to options ex)...well, I think if we break the channel resistance to the upside, we will not fall back thru it anytime soon....(I just can't see us pulling 4 pivot reversals within a week).. So, 50 pts. or so on the upside signal intermediate up, no? Conversely, we are ever-so-close to 90 COMPX LOG CHART at 2400 or so..(some are saying 2380 something...I think I even heard a 2360something...let's go with that to be conservative).... So, 2475 or so break on upside, 2360 or so break on downside....that is really narrow Paul....I can't believe we won't resolve that one way or the other this week! And, by extension, define (in broad terms) the next few weeks to boot..... OK, pick me apart <G>