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

To: JRI who wrote (5398)	4/9/2001 10:08:13 PM
From: Jack T. Pearson	Respond to of 52237

A reminder for those who think that last Thursdays rebound marks the end of the decline: According to Gordon Edall, writing for StockHouse.com, "9 of the top 10 biggest one-day gains for the Nasdaq have come during the collapse of the last year." investorlinks.com

To: JRI who wrote (5398)	4/9/2001 10:55:16 PM
From: StockOperator	Read Replies (2) \| Respond to of 52237

JRI, CHKP is swimming upstream with a great white on its heels. There is a ton of resistance just to get to 55. That's why I would watch how the next day or so plays out. A push through that level to 60 would get worried if I was short here. BEAS should be running into heavy traffic in the 30-31 area. A solid push through that and along with the whole market and I would think BEAS could hit 47 this qtr. One of the things that I will be watching here is how stocks handle this immediate resistance. A positive stance and we may end up with a positive qtr. If you remember I was pretty firm last qtr. on the direction of prices. Now however we start a different time frame. So it's a little tricky navigating the first couple of weeks. I have two different lists of stocks to trade, both long and short, depending on which scenario plays out. The charts are still pretty ugly. Time will tell. Good trading.