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


To: Chris who wrote (8002)5/24/2001 11:09:01 PM
From: gonzongo  Read Replies (5) | Respond to of 52237
 
Ok Chris- what is your scan?

Any hints?

stochrsi andy



To: Chris who wrote (8002)5/25/2001 12:32:56 AM
From: Berney  Respond to of 52237
 
Very Interesting!

Doesn't really surprise me. Again, the only reason that I didn't commit my little Phleet late this afternoon is that I wanted to wait to see the reaction to the GDP in the morning. However, it would be difficult for me to believe that this period of consolidation by MSFT is not bullish by a TA perspective. Let me also state that the move cannot be supported from an FA perspective, but when has that mattered.

NDX has been substantially underperforming MSFT since January. If MSFT breaks out this week (with one day left), there is little doubt that NDX is going with it.

My FA hat has got to believe that this move is going to end very Fugly. However, this market got blasted with some very horrible FA news this week and barely budged. The bottom line is that I see the potential for 10% moves all over the place. We'll see.

Just a View from the Swamp

Berney