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


To: dennis michael patterson who wrote (490)2/20/2001 1:49:29 PM
From: Paul Shread  Read Replies (3) | Respond to of 52237
 
>>I am afraid to buy OR short<< Sounds like a good summary of where the market's at. It seems really trapped here, afraid to take out the Greenspan Low, and afraid to take out its Sept. downtrend line.



To: dennis michael patterson who wrote (490)2/20/2001 1:52:55 PM
From: Hawk  Read Replies (1) | Respond to of 52237
 
Straddle <g>

H.



To: dennis michael patterson who wrote (490)2/20/2001 6:16:59 PM
From: NucTrader  Read Replies (1) | Respond to of 52237
 
>>This must be the bottom-- I am afraid to buy OR short! <<
That's not the aggressive DMP I know!!! (As I sit here myself with only my toe in the COMPX water, investment wise). One of the guys I follow who's been pretty on says: maybe a rally attempt tomorrow morning early after the first 15 minutes of trading - SHORT the rally with a Timing Low (he doesn't predict price, just periods) from 21-23 Feb, then abortive rally attempt to 26 Feb., followed by SIGNIFICANTLY lower lows. Doesn't see another good Timing High period until mid-March. So.....relax, have a G&T, and get ready to go........ SHORT!!! As always: BWDIK ;-)
PS: I did "dabble" today by going long with qqq @ 53.55, am holding overnite but will sell on any rally attempt.....