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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 (4661)	4/2/2001 12:41:07 PM
From: john722	Respond to of 52237

DMP We need 1750 on the COMP before we start the rally......

To: dennis michael patterson who wrote (4661)	4/2/2001 12:41:32 PM
From: JRI	Read Replies (1) \| Respond to of 52237

DMP- Not trying to be a jerk here...but that 150 pt. cave in Dow speaks volumes to me....that was too sharp- there is no real strength here, IMO.....Naz only holding up here, because (A) its lunch, and the market rarely tanks all out at lunch and (B) Soxx is near 515...so it was expected it would pause.... But I wouldn't be surprised if we break 515 in Soxx later today....the jig is up....there is absolutely no good news in that sector coming, and still some unreal expectations in some (AMAT, etc).....if 515 breaks....the Soxx could fall another 20-30% technically... Had we had weakness early today, tested lower levels, and bounced firmly...I'd might buy the double-bottom scenario....but this just feels like a limp fish.....we're gonna get a good test this afternoon, without a doubt...how many buyers are going to step in going into close?