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

To: dennis michael patterson who wrote (13469)8/1/2001 3:57:47 PM
From: Bert  Read Replies (2) | Respond to of 52237
 
SMH is putting in a heck of a doji/spinning top with an accompanying large gap up...either setting up for some down, or the trend has changed...I think the SOX had it's chance to breakout today and failed...we shall see...QQQ, INTC, etc. less than impressive today...distribution in INTC, GE, and SMH...

Bert



To: dennis michael patterson who wrote (13469)8/1/2001 4:05:14 PM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
I meant we could fall for a couple months longer than just August if we turn down next week. I was agreeing with Carpino's call and taking him out a couple months further. Entering the turn in an overbought condition is a bearish sign, IMHO. The bizarre thing is it lines up so perfectly with the 1998 sell-off that it probably shouldn't be believed. ;-)


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