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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 (487)	2/20/2001 1:57:14 PM
From: JRI	Respond to of 52237

Interesting ("capitulation not necessary")...the only thing is...if we break COMPX LOG CHART and lows on early Jan/late December.....that is about as negative technically as I can imagine a scenario.......will/should bring some serious ("where is the bottom" thinking).......there is going to be some serious puking, IMO (excuse expression, but..) if we don't rally soon (and good)......If we get there, I think we go from 2250/2300 to 2000 tout d'suite...already, it looks like institutionals are dumping everything on the retail investor...when the retail investor quits buying here...maybe we can get a draft down, and the institutional guys will get interested again.... We are now 5 (edit 8) pts. from earlier intra-day low...if this doesn't hold (2345)....it will get even uglier....we are real close on Soxx and SPX breaking key support too, I believe....holding current levels critical...