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


To: Captain Jack who wrote (15816)8/19/2001 3:23:58 PM
From: Teresa Lo  Read Replies (3) | Respond to of 52237
 
Well, if you look at JNJ, it actually made a new high over this last few weeks. Mind you, it might be the ultimate in triangle fakeouts, but nonetheless, many of the multinational companies will do better due to the lower U.S. dollar, and lower interest rates are helping the banks....so far.

Of course, I did post that super diabolical chart of the S&P a while back...let's see if I can find it.

There ya go!
ottographs.com

T.



To: Captain Jack who wrote (15816)8/19/2001 3:30:24 PM
From: Trading Machine  Read Replies (1) | Respond to of 52237
 
I expect a bounce and am long, long, long!!LOL

Actually I am long from a week ago and got involved with the 8-5 thingy and missed my primary exit signal. Barf.

Having said that I would have gone long Friday at the close (regardless of Don's Friday/Monday study) because of the tendency to run up into the Fed meeting. It may pull back but for the last several meetings the bulls have run it up. Now that I have oversold stuff all over, I won't be surprised (in fact I'm hoping for it, ngng) at a little rally tomorrow. If it happens I will sell it at the close.

If it doesn't happen I will pout!gggg

Good luck you guys

Paul K.