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

To: Justa Werkenstiff who wrote (11120)	7/6/2001 10:10:34 PM
From: donald sew	Read Replies (4) \| Respond to of 52237

Justa, >>>> On a historical basis, there is over an 88% chance that the Nasdaq will close up on July 9th. I view any such figure of over 80% as statistically significant as there are very few such days during the year <<<< Thats really interesting. If that is the case, that could be actually be a negative unless the market does a complete U-TURN and rallys hard to set HIGHER HIGHs. Lets say MON rallys but that rally is only a 1-2 day affair - if that that is the case then my short-term technicals would bounce to the midrange or even upper midrange; however the bias would still be to the downside per my short-term technicals and then the downside potential downside room could even be much more than it is now. Again, if Higher Highs were set immediately, that would change the senerio.