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


To: dennis michael patterson who wrote (4408)3/28/2001 3:47:34 PM
From: HammerHead  Read Replies (1) | Respond to of 52237
 
you brave man, but i think nasdaq down side is limited ST



To: dennis michael patterson who wrote (4408)3/28/2001 4:30:33 PM
From: JRI  Read Replies (3) | Respond to of 52237
 
DMP- For a change, I find myself disagreeing with you....did you see the breakdown/destruction in JNPR, CHKP, CIEN today? The "best of the best" are breaking down...and their charts say they can go much lower....

How is the Naz going to recover under such conditions? If no one is buying the cream, how does the dross do well? Robby Stephens throwing out a range of 6-12 bucks on Cisco....that's still 20-60% down from here...

I think you're early on this one....I think we got a nasty leg to come here....also, given Dow just rallied so much....don't think its gonna be pulling up the Naz/supporting the Naz much either in next few sessions...

Good luck, my friend...takes 2 to make a trade...

If we pop in morning, I'll likely be shorting more...

What's your logic? (I am always open to being disproven, especially by a scholar, gentleman, and good trader like you)