Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Chris who wrote (10572)	6/28/2001 11:28:34 PM
From: Lee Lichterman III	Respond to of 52237

Agree a gap fill would be better than an up open now that we retraced today's gains. Had we not pulled back, there would have been a chance at forming "break away" gaps but don't think we can do that legally now so this gap has to be filled eventually. Charts that I have run so far don't look too bad but they aren't bullish either. Our indicator shows more upside room and no signals either way yet so I guess we are still on the buy from before. We have enough room for a couple more days of upside before a sell would be triggered. Of course, I just don't want to see too fast a rally for my own trading account. -gggg- A close around 48 in the QQQ a few weeks out would be ideal but the market never seems to listen to me. -g- The DOW stocks look better with many of the old stodgy stocks looking like they want to bounce here. AXP, JNJ, SLB etc all looking like they could pull a bit of weight, even if some are dead cat style bounces. The DD chart doesn't look good or bad but I noticed the chemical index has been doing good without it and the lower oil prices should help them out next quarter. Of course the strong dollar which was up again today is hurting many of these internationals. Good Luck, Lee