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


To: heehee1 who wrote (7980)5/24/2001 4:10:32 PM
From: donald sew  Read Replies (1) | Respond to of 52237
 
heehee,

>>>> With today being up instead of flat, would it negate the 3 days pattern? <<<<

The NDX is going to close up 46. Todays candle is just slightly smaller than yesterdays candle. Its not definite but I feel that the 3 day pattern may have been negated.

Made my decision at the last minute - I closed my short position and added a long position(UOPIX) in my personal mutual fund account so I no longer have a hedge and strictly long. I have to say that my previous positions were very very small and I was previously more than 90% cash. I only added a small long position today so I may now be about 85-87% cash. Dont want to give the impression that I went long strongly.

One of the reasons I also went long is that on a statistical basis, the day before a holiday weekend is commonly up. Unless the news is bad enough tomorrow morning, I suspect that tomorrow may be up in light of a holiday weekend and a possible negated 3-DAY PATTERN. Watch tomorrow is down big. gggggggg