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


To: adcpres who wrote (3092)3/15/2001 4:36:50 PM
From: Jack T. Pearson  Read Replies (1) | Respond to of 52237
 
Issues moving up AH based on ORCL meeting estimates. Too early for AH to reflect forecasts. Stay tuned.



To: adcpres who wrote (3092)3/15/2001 4:41:04 PM
From: JRI  Read Replies (2) | Respond to of 52237
 
Adcpres- This market needs to go down....and see the "whites of eyes"..be it below 1923 or 1600 or wherever....and rally intra-day back to positive...engulfing candle-type stuff....I think...to show some conviction...

Today's phony makes me think that gaps (up) are doomed to fail....no one believes them.....and why should they?....the big boys have played this game so much in the last coule weeks, that they hurt their own cause....no one believes its for real.......btw- Oracle selling at more than 8x sales...still not cheap...

Need to go down, in order to go up...(Hopefully my views aren't skewed by the fact that I shorted QQQ at close-g)



To: adcpres who wrote (3092)3/15/2001 4:44:31 PM
From: StockOperator  Read Replies (2) | Respond to of 52237
 
So far the reaction to ORCL's numbers is positive. It's still early in their conference call so anything can happen. I can tell you that today's trading range for a whole group of stocks that I follow was absolutely horrible. Tomorrow will be huge. There are just too many stocks hanging on a thread here to include the COMPX. A bad day tomorrow would push prices over the edge. Of course this could leave the door open for a rapid downdraft into next week. I know that does not make sense heading into the FOMC. But that's what the charts are saying.

We're heading into a very dangerous trading environment.