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

To: Casaubon who wrote (6541)	4/30/2001 3:51:57 PM
From: American Spirit	Read Replies (1) \| Respond to of 52237

A half day profit-taking is a very short term opportunity for shorts. However, some take it a change in the market direction. It's not. Like last Monday it's just consolidation and profit-taking. The value is still there and it's safe to buy the dips. As fast as they went down today they've partially rebounded already. The DOW wouldn't even be down if not for oil and gas prices going down. I would like to get some cheaper gas and oil stocks soon so I like that action. But that too is just profit-taking.