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


To: NucTrader who wrote (5026)4/4/2001 9:57:18 PM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
Heinz has a turn coming on Friday. Probably time to ask him which way. ;-)



To: NucTrader who wrote (5026)4/5/2001 10:06:08 AM
From: adcpres  Read Replies (2) | Respond to of 52237
 
NucTrader: Thanks for the heads up but I have blown out of 80% of my long positions purchased at the close yesterday. I just take the gap open as a gift and very happy with a $5K+ profit even though I may have missed the tops so far by 1/4-1/2 point. No need to hold on hoping the market will rally more. I just don't trust what is happening these days.

Given the level the NAZ is at, a gap up of +75pts. is LARGE(4.5%) and I just can't see it will go much higher by day's end. I would rather seen a gap up of about 30 pts. and build strength from there. A gap up of 4%+ is huge and likely not able to hold. We could just bounce between +50 and +100 on the NAZ today. What worries me is the possibility for yet more bad economic news tomorrow. GH