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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 (1341)	2/27/2001 7:57:38 PM
From: donald sew	Read Replies (1) \| Respond to of 52237

Paul, I remember not too long ago where it was heresy to say that the NDX would drop below 4000, then 3000, and now its testing a significant support area around 1850 with the 1400-1500 region as the following important support area. What is a bit bothersome is that even though the NDX has dropped so much the overall sentiment doesnt appear to be that bearish - Im mainly talking about J6P, not some of the SI readership. Not that J6P isnt nervous, but Im still not hearing that they are selling, and most of them are still adding regularly to their 401K. Only a very few I know have protected themselves to some degree. I suspect the bullishness is coming from the performance in the DOW which is still in a trading range. Gosh, if that trading range on the DOW ever breaks convincingly, thats going to really hurt.

To: Paul Shread who wrote (1341)	2/27/2001 8:44:02 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 52237

ottographs.com Looks like SPX is finding it troublesome to move up past the broken tall Greenpspan-Candle(tm), so what might have been support may now be resistance - hence the lines on the chart. NDX broke its tiny upswing, COMPX and SPX have not but are not far from doing so. Looks like tomorrow will be a day of decision. I can't fathom what will prop up the market, although that doesn't mean that someone won't find an excuse. I'm sure it will be interesting and mildly entertaining either way ;)

To: Paul Shread who wrote (1341)	2/27/2001 9:31:23 PM
From: Jack T. Pearson	Read Replies (1) \| Respond to of 52237

If they don't bounce on Greenie's speech, I don't know what the heck they'll bounce on. Maybe he'll go back to the office and cut rates after he testifies. Many people are convinced that Greenspan has all of these powerful monetary levers behind and that he is very wise and powerful. Many are convinced that all Greenspan has to do is give out hearts (confidence), courage (more confidence), and brains to consumers (although many would argue that brains are an unnecessary option for consumers) . . . and tell the consumers that if they shut their eyes, click their heels together, and repeat "It can all be fixed with rate cuts!", they will wake up in a growing economy with a rising stock market. All I can say is that if he does all that and it works, somebody ought to make a movie out of it!