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

To: TechTrader42 who wrote (12404)	7/22/2001 11:00:16 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Many thanks. Great stuff. I'm going to have to read it all over again tomorrow to see if I can wrap my brain around it -g-, but in general, it looks like the closest sentiment comparison is June-August 2000. I was starting to take the view that we could go hard down into early August and then up for 2-3 months. I think you just changed my mind. ;-) All I hear everywhere is "falling wedge, falling wedge," probably a sentiment indicator in itself (not trying to offend anyone, I'm just seeing it everywhere). I see more of a steepening downtrend, but no one wants to talk about that. ;-) Then again, the wavers see a "C" or "3" up from here, so whether they're bullish or bearish, they think we have a rally coming too, maybe after one more leg down to 1900. I'm still on the sidelines and positioned very defensively (a surprisingly good place to be the last couple of weeks), and will wait for trendline breaks in either direction and those early August turn dates before making up my mind. JMHO, subject to my alternate e-wave scenario. <ggg>