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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 (12786)7/25/2001 10:56:51 PM
From: JRI  Read Replies (1) | Respond to of 52237
 
Don, when do you "officially" look for the begin of end-of-month rallies?....aren't we still a couple trading days away (and in other words, room for more down)?

Also, in remembering your July 25 index update, wouldn't today have been exactly what one would have expected if (by using the July 25th index terminology) "a rally, but not too strong....just enough to relieve oversold condition (paraphrase)?

Today's rally did not seem impressive as any sort of impulsive, but seemed rather corrective....wouldn't/couldn't that point to down starting tomorrow...?

Got a little confused, for your July 26th update seemed more bullish (than previous' days), even though it appeared you got what you had expected with today's action. Why the switch?

Am I wrong here? TIA



To: donald sew who wrote (12786)7/26/2001 2:48:00 PM
From: allen menglin chen  Read Replies (1) | Respond to of 52237
 
Don, <<open a small long position in a biotech>>

Did u buy a biotech index fund, or a particular bio stock?

Nice Class 2 Buy signal. Thanks again.

Allen



To: donald sew who wrote (12786)7/26/2001 4:00:06 PM
From: Arik T.G.  Read Replies (1) | Respond to of 52237
 
Looks like a pretty convincing rally here, with the storm of bad news subsiding.
Naz just hit its head at the down trend line of the last 20 days. A small correction here and breaking lose tomorrow?
Guess there's going to be some GDP turmoil before the open and then off to the races.
But the big proof of a second leg up from the April low should be a higher local high (trading over SPX 1225 Naz 2105) and that would compel the indices to take out the May highs before the bear resumes. These targets don't look so far away now.
There was a lot of pessimism built into the S&P futures before the open today, and they never went that low during regular session. Lots of disbelief in yesterday's strong close, and that was positive once proven wrong.

ATG



To: donald sew who wrote (12786)7/26/2001 4:44:39 PM
From: Paul Shread  Respond to of 52237
 
Don, Are we a day away from some three white soldiers on the COMPX? My how fast this market swings.