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

To: Paul Shread who wrote (5827)	4/16/2001 3:21:45 PM
From: Jacob Snyder	Respond to of 52237

SOX rally looks like it's fading. That rally consisted of a few gaps up at the open, and we didn't do that today. No big volume upmoves. Lots of semis and semi-equips stalled at resistance last Thursday, and didn't break through today: resistance: amat at 50 nvls at 48 txn at 36 jnpr at around 50 mu at 48 also msft at 62 (not a semi, but still a bellwether) Definition of bellwether: male sheep that leads a flock; also, indicator of a style or trend. LOL, which one applies to MSFT? Anyway, I bought more NVLS puts today (2002 50s). My limit sell orders to get out of long positions, (in MSFT, TXN), weren't quite reached. I'm hoping for one more flat-to-up day, one more day of bumping up to resistance, to get out of those positions. Volatility ought to continue, with all the earnings news, economic indicators, coming out soon.

To: Paul Shread who wrote (5827)	4/16/2001 3:35:52 PM
From: donald sew	Read Replies (1) \| Respond to of 52237

Paul, The CLASS 1 SELL signals were timely, so the next question is how much will it pull back. The MAX-PAIN on the QQQ is at 40, and the NAZ NET NEW HIGHs-LOWs is at negative 23 right now. Have noticed that the buffer for the QQQ MAX-PAIN is approximated +/- 5 points, so with the MAX-PAIN at 40 that gives an approximate buffer from 35-45. With the NAZ NEW HIGHs-LOWs in OK shape and last FRIDAYs positive candlestics I feel that 35 should be the max low before expiration(FRIDAY), if it gets that low.