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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 (1398)	2/28/2001 10:20:41 AM
From: JRI	Read Replies (1) \| Respond to of 52237

Paul....I am not playing long or short here...but I see any Naz attempt at rally as one big failure.....I am looking on going on the short side...so if this thing wants to rally up....I'll certainly let it......and I'll get a better entry point........but I am not getting in long until 2400....until then, I see this as a big, big headfake.....in fact, if we (somehow) could break 2300....I think you'll see some buying as if, "wow, could the (double) bottom be in?"....death would come between 2300-2400....no rocket fuel for this....none.... But we need to get to 2300 first....2300, I think, will also be a brick wall....its just so much more easier to go down here, than up.. And you mentioned that horrible monthly below long-term channel....uggh.....da rules of da game are changin'.. Final death knell: Greenspan just decoupled consumer confidence w/market, by saying lower consumer confidence hadn't shown up in much lower consumer spending...citing strong housing, autos.....he doesn't seem to worried about the Naz to me...he is saying nothing to inspire me that he'll even save the Naz at 2000 (although he always could)..please correct me if I'm wrong...

To: Paul Shread who wrote (1398)	2/28/2001 11:39:17 AM
From: donald sew	Respond to of 52237

Paul, Im hearing all over from the media/analysts/SI/J6P that 2000-2050 on the NAZ is the bottom, which corresponds to the 1850 on the NDX, and they are close enough. With so many in agreement, Im getting a bit nervous from a contrarian position. I still do expect a bounce at 2000-2050 NAZ/1850 NDX, but now Im wondering if that bounce may just be another small one, prior to another selling period leading to another LOWER LOW. From a contrarian position with so many agreeing on the 2000/1850(NAZ/NDX) levels, I would not be surprised that the bottom of PHASE 2 may be lower than 2000-2050 NAZ/1850 NDX.