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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 (836)2/22/2001 9:51:20 PM
From: William B. Kohn  Respond to of 52237
 
Looking at the Nasdaq TRIN indicates that it was not as high even during the big drop in the AM as it has been and that the majority of the day the TRIN was actually bullish.

I ask, is that indicative of a real bottom. Wouldn't capitulation include long periods of both High Ticks and a High TRIN?

willyb



To: Paul Shread who wrote (836)2/22/2001 9:58:03 PM
From: StockOperator  Respond to of 52237
 
Paul,

I know. But I tell you I think all the guys in this sector have chart patterns that are very weak. I think that weakness will show itself any day now. Any renewed weakness in this group will really shake WS's core, simply because so many have been pointing to their recent relative strength as positive overall. A breakdown will scare everyone. Hence, the first domino.

Just a guess.


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