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


To: StockOperator who wrote (2674)3/12/2001 8:29:42 PM
From: JRI  Read Replies (1) | Respond to of 52237
 
SO- I gotta believe we start seeing some fear spikes as soon as tomorrow, Wednesday....Dow below 10k (and free fall), and Naz's bottomless pit...

Markets are making lead story on news now....we got big round numbers...I'm sensing more anger now (and not denial).....Bull market morphene wearing off, and ooh does that wound sting...

More bad fish, I s'pose <G>



To: StockOperator who wrote (2674)3/12/2001 10:06:28 PM
From: Sam Sara  Read Replies (1) | Respond to of 52237
 
SO,

Great calls to date.

In "normal" times we should be very close to a bottom. I would say on the Naz 1 more horror show day, and then a reversal day most likely.

The flies in the ointment here are:

1) endless bad news from tech
2) Japan
3) breakdown of Dow and S&P

I am not bothered by #3 so much, I kind of like the scenario of Dow sub 10K and SPY 1120 to give us a trading bottom.

Options expiration also adds to confusion, no way to game that one that I know of, though.

Probably a mistake to make this too complicated. Technically we should bounce close to 1750-1800 level, and rally into FOMC.



To: StockOperator who wrote (2674)3/13/2001 1:23:37 AM
From: SpecialK  Respond to of 52237
 
Don always says the markets go to middle ground at FOMC meetings, this would suggest a rally is needed by next Tuesday.

Also, what happened the last 4-5 times we had a Dow drop of 400 points +?

I believe in every case a rally!

This time is different, I know, we are now in a bear market, all of those times were in bull markets, right.

Let's see what happens.