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

To: StockOperator who wrote (2414)3/9/2001 12:45:59 PM
From: Michael Watkins  Read Replies (1) | Respond to of 52237
 
There's a 2B bottom on the 5 min chart which also coincides with the low on the NDC a few days ago.

Not saying its "the" bottom, but one day, it will be one of these formations - a marginal new low and a move up from there, that is it.

Just like I was fond of saying at the top, a bottom has to start somewhere.

Having said that, its not my plan to buy "bottoms" in a long term downtrend. I sell retracements and leave the bottom picking for other folks.



To: StockOperator who wrote (2414)3/9/2001 12:58:58 PM
From: adcpres  Read Replies (3) | Respond to of 52237
 
StockOperator: What do you see ahead for the NYSE? We really haven't seen any breakdown yet. One might expect the earnings slow down to also hit the non-high tech components of the DOW but it just hasn't happened yet. Of coarse there will be some companies like MO that are not affected as much but I would have expected others such as BA, GM, MMM to start feeling the pinch. What do you make of it? GH


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