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


To: Lee Lichterman III who wrote (5339)4/9/2001 7:11:45 AM
From: StockOperator  Read Replies (2) | Respond to of 52237
 
I agree not only are stocks like MU and AMAT too high but their chart are extremely weak. While some stocks have some wiggle room to runup here, the big guys like CSCO, SUNW, and ORCL have no resemblance of a bottom and have already set themselves up to push lower. I honestly believe single digits are in the cards by the end of this month. That and a weak COMPX should limit the upside for just about everything else.

I would also add HD to that list of DOW stocks that are sitting on a cliff. Prices have really been boxed in. I am watching to see which way they break. A positive break would force me to reassess my position.