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


To: Lee Lichterman III who wrote (1918)3/3/2001 4:52:08 PM
From: StockOperator  Read Replies (1) | Respond to of 52237
 
A well written post. I agree with almost everything you said. I don't know if that's good or bad <gg>. Based off those weekly candles do you think this market is in a position to bounce. Some stocks have room to run up while many of the majors like CSCO are breaking down ugly. While a whole bunch to include the chips at best can go sideways. I just don't see the rally despite the oversold condition.



To: Lee Lichterman III who wrote (1918)3/3/2001 5:41:33 PM
From: stockman_scott  Read Replies (2) | Respond to of 52237
 
<<, I am now targeting NDX 1100 as the ultimate low>>

IMO, the FED, The Houses, and big institutions (like FMR) will not let the Nasdaq drop that low. In fact I don't think it will drop much below 2000 for a sustained period of time. JMHO.

Best Regards,

Scott



To: Lee Lichterman III who wrote (1918)3/3/2001 9:28:18 PM
From: HammerHead  Read Replies (1) | Respond to of 52237
 
biz.yahoo.com
excerpts in this article:
"notably manufacturing, is in recession, as opposed to the still buoyant consumer side..."

Nasdaq down 60% from its peak, but the housing price in silicon valley bay area still 50% higher than in 98. If Nasdaq back to the mo mo land, the housing price tag will hit an average 1 million dollar. Maybe uncle Al have that in mind...