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

To: StockOperator who wrote (2212)	3/7/2001 2:57:53 PM
From: JRI	Respond to of 52237

I totally agree with you...(and have been posting such on Clown thread)..the lack of intra-day movement (and, in the case of the Naz, negative movement.....amazingly, Naz up- as of this morning, 5-6% on gap....and yet down 1-2% on trading intra-day).... I concur: Smell like teen spirit, err.., manipulation... Interestingly, Ameritrade index indicates that small investors have been selling into this rally...but that is a pretty small sample... Closing today will be VERY interesting....I think Naz HAS to rally from here....3 gap up opening in a row...it is due for a gap down.....and current levels leave it too close to entering gap from yesterday....and that would be dangerous, for that is a long gap... Also, at these levels, another ugly candlestick.....if not ugly, then weak...

To: StockOperator who wrote (2212)	3/7/2001 4:03:26 PM
From: sandeep	Read Replies (2) \| Respond to of 52237

You have been saying for some time now that big cap tech stocks like intc and msft have bad chart patterns. I haven't seen these stocks go down now for many weeks. What gives ??

To: StockOperator who wrote (2212)	3/7/2001 4:20:28 PM
From: Michael Watkins	Read Replies (2) \| Respond to of 52237

Trin showed selling through the day but this can just as easily power a move up if folks have made the wrong bets early. I scalped on the short side today but it didn't break down and I'm on the side awaiting resolution. There'll be time enough to get in long or short when direction becomes more clear, and it won't be clear until the trading range that has been building for the past two weeks has been left behind one way or another. Here's a chart for fun. ottographs.com EDIT: The chart is a percentage change chart for popular indicies since the big dip in 1994. As NDX and COMPQ raced to new highs I'd point it out to folks who figured "hey, that's great!", few ever appreciated the danger of such ascents. Being a rock climber (perhaps ex rock climber these days) in the 70's and 80's one thing that always stuck with me is "never climb higher than you want to fall". Seems appropriate when looking at such a chart. Tick, tock, sitting on my hands.