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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 (7539)5/16/2001 4:51:41 PM
From: isopatch  Read Replies (2) | Respond to of 52237
 
Paul. Perhaps we'll finally get some correction

to begin 5/23. Folks ought to be turning bullish by then.(g)

Afterall, how high do we need to go?! We're already up over 2,000 points on the Dow without a significant pull back. Should be dawning on the bears that have dominated so many of the big SI threads in the past month they've they're on the wrong side of this market.

But, even the most powerful rallies consolidate occasionally on the way up. This should be no different.

Don't mean to gloat vis a vis some of the other posters here. But gotta say, having been mostly long for the past month, am a pretty happy camper right about now. (currently 70% long vs 30% cash - the opposite of 60 days ago)

As you know my style is to concentrate on identifying the important Intermediate Term trend changes. On a rally, such as this one, simply weed out underperformers and add to my strong stocks as the rally unfolds.

This looks like another very good year.

Hope your move is going well.

Isopatch



To: Paul Shread who wrote (7539)5/16/2001 8:07:18 PM
From: donald sew  Read Replies (2) | Respond to of 52237
 
Paul,

>>>>> My buy list for pullbacks is those stocks plus BA, UTX and GOLD. <<<<<

Im a bit mad at myself that I didn't already take at least some profits in my gold positions today. After the close, I realised that it was greed that made me stay in. Im quite confident that gold will continue up, but that is not the point. Its more important to lock profits up especially in such a market.

My cash position right now in my mutual fund account is too high, about 80%. Heck, call me over cautious.

seeya



To: Paul Shread who wrote (7539)5/17/2001 7:17:57 AM
From: donald sew  Read Replies (1) | Respond to of 52237
 
Paul,

What is your take on the chart formations on the NAZ/NDX/QQQ since the middle of APRIL.

I have a RISING FLAG on the NAZ, while the NDX and QQQ has RECTANGLEs. The RISING FLAG is bearish but the RECTANGLES are bullish.