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

To: Paul Shread who wrote (2918)3/14/2001 2:18:07 PM
From: Challo Jeregy  Read Replies (1) | Respond to of 52237
 
how reliable is max-pain at this point?



To: Paul Shread who wrote (2918)3/14/2001 2:40:03 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 52237
 
>>It's funny that they're whacking the "safe" stocks here; not sure what that means. <<

I wrote about that a while back and thought it could show when the end is near for the tech bear but I don't want to say that this early.

If you look at a longer term chart of the "safe" stocks like MO etc. you will notice that they are a mirror ( opposite) image of tech. When we see those reverse in a sustained decline, and the techs start to move up in a SUSTAINED move, it should be safe to buy. All the other bounces are just head fakes IMO.

I by no means am saying this is that time though. One day does not make a trend and I think many of those "safe" stocks have been bid up to insane valuations in the name of safety. I mean a PE of over 25-40 for 5% growth?

Good Luck,

Lee



To: Paul Shread who wrote (2918)3/14/2001 2:41:17 PM
From: john722  Respond to of 52237
 
Paul. What really Concerns me is

even though we are definately oversold and the economy
is being rescued by the Fed, there is an awful large amount of stock out there due to all the bubblemania splits.
This is why we can't capitulate. Too much distribution first.

Of course this is just my view.......



To: Paul Shread who wrote (2918)3/15/2001 9:41:49 AM
From: Chris  Read Replies (2) | Respond to of 52237
 
sox downtrend line daily chart here/very close


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