Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: donald sew who wrote (598)	2/21/2001 2:01:13 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

INDU chart: cache.wsrn.com

To: donald sew who wrote (598)	2/21/2001 2:09:05 PM
From: JRI	Read Replies (1) \| Respond to of 52237

Don, at this stage, I don't know if sector rotation really means that much (except to give shorts a better opportunity to enter, and to confuse some sideline money to buying Naz when they shouldn't)... Ex-rotation factor today, Naz looks pretty bad....Chips one of the few bright spots....but now the Dow/S&P is looking bad technically IN ADDITION to the Naz.....your intra-day CLASS ONE IS TEMPTING...but what if both indices go down tomorrow...negate the class one...on a BIG down move..... This could be the flush....(Note: If the Dow was still hanging out in the 10,8s....I'd feel much better about going Naz long here).. Finally, a 2nd close beneath the 90 COMPX LOG..well, the fork's not in it yet (still got the weekly, monthly charts to go), but close..... This looks like a big strike of big money (to buy)....and that is trouble, IMO... On the bright side, I guess the day ain't over yet...and the Naz hasn't totally caved, so we'll see...good luck, and continued thanks for your efforts..