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


To: JRI who wrote (3260)3/16/2001 7:58:37 PM
From: StockOperator  Read Replies (1) | Respond to of 52237
 
JRI, I haven't had time to take hard look at things but on the surface you can see the freight train rolling. The technical damage done this week has already carried some stocks into the abyss. Chart patterns are in la-la land and are not even in any kind of position to rebound after next week's rate cut. RMBS 16 - I have been openly down on this stock back when it was in 70's; LU single digits today (predicting all week); ARBA hit nine today! Now stop for one second savior those numbers and put it into the context of the semi's which haven't broken yet; AMZN STILL double digits. Man I could go on and on. Yet WS and mainstreet have blinders on. Crazy.

My analysis this weekend is going to be focused on those Semis. I don't want to write them off too soon but there's not much time left. How the market reacts to this FED meeting will set the tone for the next couple of months.