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


To: StockOperator who wrote (2651)3/12/2001 4:20:02 PM
From: Michael Watkins  Respond to of 52237
 
Yup, the place to be is short NYSE / SPX issues. That doesn't mean that its time to be long Nasdaq, would think they both suffer.

But the old economy can now join the new in the tank. So it would seem.

Put some money behind it today.

ottographs.com

I did briefly see the possibility for a violent bounce up, especially in conjunction with the first limitdown on SP since so many players position stops under there, frequently it provides the fuel to move up.

But when it didn't, I exited for a small profit and looked for the reverse thesis to come through...

Breathtaking drop. And its not just 30 DOW stocks.



To: StockOperator who wrote (2651)3/12/2001 4:20:52 PM
From: Paul Shread  Read Replies (2) | Respond to of 52237
 
CNBC just declared this a bear market. <eom>