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

To: JRI who wrote (4165)	3/26/2001 11:53:54 AM
From: donald sew	Read Replies (2) \| Respond to of 52237

JRI, >>>> Definitely some building blocks out there....but the weak nature of follow-thru on COMPX...well, I don't know how anyone can be pleased with that...truly uninspiring (so far)... <<<< Uninspiring if some are expecting the NAZ/NDX to return to the common 100 point daily swings of the last few years. But if I recalled correctly prior to 1998, the NAZ/NDX did not have these 100 point swings and they were closer to the 25-50 point range, where the 50 point daily moves were strong. I remember playing the NDX option where the near the money options were under 50$. My point is that maybe the NAZ/NDX may just be returning to historical average daily moves prior to 1998. For the BULLs that may be quite disheartening, but it is a possibility. So what may be considered uninspiring compared to the last 2 years may just be the normal historical moves. Hey, the P/E's are approaching normal historical ranges, why cant the daily moves. To put it into perspective, during the summer of 1998 the NDX got as high as 1485 before it so off so violently in the OCT 1998 bottom where it got to extreme lows of 1063. That was a HUGE-VERY HUGE move of about 400+ NDX points which was the strongest move ever up to that time for the NDX in such a short period of time. Just recently, 400 points was nothing, especially since the recent decline from the SEPT peak has been about 2300 NDX points. So many are still expecting those big moves to return in the NDX. My position is maybe they wont return for very long time, and the uninspiring move today is just the normal move.