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

To: StockOperator who wrote (2661)	3/12/2001 4:51:55 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

PC ratio closed at .91 today. Good, but not quite there. Don and Heinz have turns coming in the next day or two. The trend is definitely down, but 9600 or so on the Dow would preserve the trading range. I think 1400 is looking likely on the COMPX, but heck knows where this thing is going to end or why. I think we've probably fallen far enough that this could be phase III on the COMPX.

To: StockOperator who wrote (2661)	3/12/2001 8:01:10 PM
From: StockOperator	Read Replies (3) \| Respond to of 52237

Capitualtion levels! You can feel it bubbling up but by no means are we there. The volume alone should tell you that people are still sitting on the sidelines watching their portfolio implode. The 125 stocks that I follow (mainly tech) are breaking into much lower levels. I don't know how the FOMC meeting will play into things but we could sell on the news. Of course we have to see how this week plays out. If prices tank hard through the week I would expect some sort of pop after the rate cut. Regardless, my charts are telling me that there's more downside to come.