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

To: JRI who wrote (2683)	3/12/2001 10:49:27 PM
From: StockOperator	Respond to of 52237

JRI, I think you're right if this is an intermediate term bottom, but if it isn't. Based off the charts I see a bunch of stocks that could take a pause right here from the selling - perhaps even rally. But at the same time I see a whole group of stocks that tell me that there's more immediate downside to come. Selling that I believe is going to take place over the next few weeks. Even the COMPX appears to have more downside to come in the shortrun. Here are just a few of the stocks that I'm talking about: LU (could push into single digits); AMZN (will push into singles); ADCT - I have been talking about this for some time today finally pushed through 10 could hit 5-6); SUNW I believe we'll see 10-12 by end of month; PMCS could get clipped for another 30-50% by months end; ORCL 10 easy; CSCO possibly 10-12; YHOO single digits?? These are just downward projections based off the charts. Who knows maybe they won't happen. But so far these trendlines have been the basis for every call that I've made since posting on this thread. I have to stick with them. I will say that even if we do get some sort of positive reaction in prices I think it will be short lived. If prices blow through these trendlines they will quickly run into another one which will slow them down. It's hard to disagree with you. The numbers on the surface (VIX...) are beginning to say that the bear den is getting awfully crowded. And you and I know all too well that when things get like this the end is near. It's always better to swim upstream. But yet I think there's one more fast push down. Time will tell.