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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 (567)2/21/2001 10:31:56 AM
From: JRI  Respond to of 52237
 
Today is in perfect stead with a "major crack" that I have in mind for Friday/Monday next week...

(Should've posted yesterday- when I thought of it- but...)
Today, we may get some weak sector rotation from Dow to Naz.....I reckon the Naz will be slightly positive this afternoon...and could get as much as 40-50....but I expect a late day fade into Sunw's meeting...then bad news from Sunw...then a bad Thurs., Fri., Monday..

Regardless, we need the Dow to come down some....to allow for a Dow/Naz simultaneously crack...if Dow can stay down this much...then S&P, Dow, etc...all start breaking down...and the floodgates could open with some bad news, hard down openings in the next few days..

Finally, bought EMC, ITWO today....figure today will be pretty safe for Naz...unless Dow REALLY tanks....but I will get out at the 1st decent rally...figure we've got one intra-day with us..



To: Paul Shread who wrote (567)2/21/2001 10:37:52 AM
From: JRI  Read Replies (1) | Respond to of 52237
 
IBM about to fall back into that (potential) exhaustion gap.....if IBM starts breakin' down....that could lead to some real Dow selling....

Financials, too, beginning to cave.....

Could get ugly after today...



To: Paul Shread who wrote (567)2/21/2001 11:08:41 AM
From: donald sew  Read Replies (1) | Respond to of 52237
 
Paul,

Hope we get a white spinning top or a piercing line, or at least a doji today on the NAZ/NDX