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

To: donald sew who wrote (11122)	7/6/2001 10:45:52 PM
From: Justa Werkenstiff	Respond to of 52237

Donald: Re: "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." Low probability event at this point. Higher highs have no chance until after earnings season is assessed in my view. Re: "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." This scenario has a higher probability. But next week has an historical upwards bias in the Nasdaq. The percentage probability drops to the upper 50s after Monday but steadily rises to the low 70s by the end of the week. Once the warnings are gone, the bias goes to the upside. It becomes a wait and see game. What did you say? Midrange is flip of a coin? Sounds right for this time of the season. Other than that or something exogenous, players have made their bets and will wait for earnings and guidance to shake out before a downtrend later reasserts itself which is probable. And that will give you, most likely, lower to upper range readings with blips in either direction. Any rally should be weak in my opinion. The same with the decline from here. I have had SPX 1180 as a low for now with what is on the table. Warnings from big players are controlling (especially SOX folks) and especially on Monday morning. If we get another earnings shock on Monday, this will change the scenario as the trend was down from Friday to Monday and the market likes that continuation thing especially when it has a reason.

To: donald sew who wrote (11122)	7/7/2001 3:59:28 PM
From: JRI	Read Replies (1) \| Respond to of 52237

Don....by higher high...do you mean that the COMPX could bounce all the way to 2180 or so, and not set a higher high here? If so, then the bounce here could be pretty strong (no?), and then set up some more BIG down to come...... Or would higher high occur lower (than 2180)? Thanks in advance.. and Thanks for your continued great work....

To: donald sew who wrote (11122)	7/7/2001 9:30:44 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 52237

Donald: After re-reading your post, it sounds as if it would be more bearish for your indicators if the market bounced for a few days and did not give you any class buy signals before the bounce. If so, could you explain that further. Are we talking bearish on the short term for a completion of this decline (toward the end of this week) or bearish on the intermediate term (next month) with respect to that comment.