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


To: dennis michael patterson who wrote (1737)3/2/2001 9:24:55 AM
From: JRI  Respond to of 52237
 
This morning: I'm probably going to wait at open (although i may nab IBM if it hangs up there....perhaps BRCM too)..
BUT...

I'll probably wait until a bounce off of yesterday's low levels for shorting.....if we cleanly break those levels 1st go round, I'll likely try to short for a quick scalp, for I'll expect a bounce at lower levels...but, I am anticipating (if we get there) that we'll near 10,3 and 2080 around the at the same time (SPX key levels too)...so if they break simultaneously on good volume, it'll be a big deal (and indices), I'll likely try a scalp...

I'm not looking for a rally of any significant this morn/day...don't see the indices going positive at all....if they do....IMO, that would be a pretty good sign for bulls....if it holds, of course...

Again, all subject to the whim of gut feel...but I'm operating under that framework this morn...

Good luck.....(Note to anyone: Please, please don't trade off anything I say, develop your own "gut feel" /system....if you want to include among your many indicators- fine....but never solo)



To: dennis michael patterson who wrote (1737)3/2/2001 9:25:47 AM
From: john722  Read Replies (1) | Respond to of 52237
 
<ot> Dennis. Thanks. You guys are Real

gentleman. Apprecite the response... John



To: dennis michael patterson who wrote (1737)3/2/2001 9:29:17 AM
From: JRI  Read Replies (1) | Respond to of 52237
 
DMP- This could be a historical day...10 on Dow, 2 on Naz...and testing.....heavy selling at open in Dow.....Why/where do the buyers come in today? After getting burned last 30 minutes yesterday (with this open)?

Even using rumors dead....I am getting more negative...This thing really has guts if it can hold today....but, I really think the "alteration" takes the day.....Yesterday/Last Friday, we got the bogus rally....no way today, IMO...