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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 (1567)	3/1/2001 9:46:49 AM
From: Michael Watkins	Read Replies (1) \| Respond to of 52237

Gee, a little late in coming to this conclusion, aren't they! Bear market, as far as I'm concerned, in Nasdaq started roughly April 1 2000. As soon as the upppermost trading range was broken to the downside, the safest plan of action was to trade defensively on the long, if one had to, and agressively at swing highs on the short side. My definition of bear market is probably different than others since I'm not really caught up in this bear/bull thing despite having some awfully 'bearish' sounding outlooks. Is the daily trend up or down? - Up, bullish - Down, bearish Nasdaq put in a test of top and trend change in spring 2000, and somewhere I'm sure I have a post saying that its a bear market now 'until proven otherwise'. The same will be true of the reversal of the trend. When we can spot a trend reversal on the dailies involving some positive retest of the swing high of the lower most trading range, then we'll have some assurance that things are moving up. Buy agressively on the move up from the first retracement from this point - lowest risk play I can think of. It won't be "the" bottom but one won't cut their fingers either. I'll post a chart later tonight.

To: Paul Shread who wrote (1567)	3/1/2001 10:15:15 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 52237

Some clues there that Phase 3 of the Bear may be beginning. The news has definitely turned sour, and the public is starting to realize that we're in a bear market. Both are signs of phase 3. New lows are outpacing new highs on the NYSE today, which is another requirement. Transports and industrials need to hit new lows for confirmation, and the A/D line should also. It will be time to start looking for bargains at that point. If phase 3 is just now beginning, and it lasts approx. 1/2 the time of the sum of the 1st two phases, it should end in about 7 months (November). Message 15394459 Where was that support on SPX, 1160 ?