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

To: bobby beara who wrote (14670)	8/11/2001 12:21:46 AM
From: Berney	Read Replies (1) \| Respond to of 52237

bb, I'm growing horns and hooves for the occasion, and even a tail. Now where are those cows. ggg It is a problem being a bull with glasses. Actually, my bullishness was caused by a stoopid trading mistake on GE, but I think that it may be corrected this week. I've got a small ton of it in my Phleet at $43.30, so I really haven't been hurt. Now, if it would only break that resistance at $42.80. Berney

To: bobby beara who wrote (14670)	8/11/2001 9:56:49 AM
From: Trading Machine	Read Replies (2) \| Respond to of 52237

BB Propeller Beanie, good morning. I agree... I filled up on QQQ calls Friday. I noticed the volume for Friday on QQQ DEC 40 puts was 3,016 and the volume on QQQ DEC 44 calls was 425! hmmmmm In looking at the chart for Softie, it seems to have an afinity for a 38% retracement. The trip down from Dec 99 hit $40 Dec 00, then bounced up to ~38% April 15 (ggg)01. Last week the low hit the 38% retracement mark measured from the Dec 00 low up to the June 24 high. My guess is that long term Softie will try for the $57 area in Feb of next year. That's just where the lines and some indicators point to, no idea if it will make it. ggg Short term, over the next couple of weeks I think we bounce here and try to become a $70 stock again, but alas it will be rebuffed once again. ggg My top downtrend line is a good one, the bottom one is based on 2 points so it is probably worth just about that until we pick up some more points or go through it. ggg GE, geeeee,ggggg is another of the Generals. A long time ago Berney taught me (last week actually ggg) that the market ain't goin' nowhere without the Generals. Last week I have a dragon fly doji. It pierced a weekly trend support line, but I happen to view these differently than most folks. When I draw the line up through this area on the weekly charts I see that it has been outside that line on rare occasions during extreme periods but it doesn't stay out there very long, maybe a week or so, and it doesn't go very far price wise outside it. This is one of those extraordinary periods, and it will be over with soon, if not this week then very probably next week. It is oversold. The short term extent (next couple of weeks) looks to be either $46 or $48 at the outside. This expresses my views before margaritas, afterward they may change! gggg Good luck next week. Paul K.