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

To: isopatch who wrote (6199)	4/23/2001 5:39:17 PM
From: Paul Shread	Respond to of 52237

Thanks, Iso. I see some worrisome signs here, like a lower high in the NYSE A/D line and the failure of old industrials like GM to make a higher high. It may just be a pullback before the big breakout, but sector rotation is never a good thing to see (unless you're in the right sector and nimble -g-). If the Nasdaq holds 1950-2010 and the SPX holds 1180-1210, I'll be adding longs. If not, I'll be lightening up. cache.wsrn.com cache.wsrn.com What's that I see in the INDU? <ggg> cache.wsrn.com Trannies got whacked hard today. A mixed picture at the moment, IMHO.

To: isopatch who wrote (6199)	4/23/2001 6:16:00 PM
From: Paul Shread	Read Replies (2) \| Respond to of 52237

I agree with your thinking in general, Iso, and it's much more sophisticated than most. My nervousness here is due to the burst tech bubble, and what sort of lingering effect that will have. It may just be that this is 1970 and we've lost the electronics stocks (the Nets), and now we'll all move into the "one decision stocks" like GE and PFE. Who knows, maybe Simplicity Pattern will make a comeback. <ggg> I have a hard time believing we could be entering a new bull market here, but that's probably a good sign, isn't it? Certainly the indexes all returned to a promising support level, the mid-1998 peaks. Old tops make good bottoms. Keep up the great work and posts. (I should explain for those who don't know: Simplicity Pattern was the silliest of the original Nifty Fifty stocks of the early 1970s. The stock was bid up to ridiculous levels based on the assumption that women would continue to make their own dresses - this as they were beginning to enter the workforce en masse. Makes you wonder what the Simplicity Pattern of today is, the one idea or stock that has a ridiculously misguided future built into it.)