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

To: Teresa Lo who wrote (15836)	8/19/2001 6:56:20 PM
From: bobby beara	Respond to of 52237

also watch and confirm that this poke to the downside is not a fakeout either>>>> those bastards -g- i'm gonna ask Brook if this really is wave 27 of c, and can't we just get a real move out of this range -g-

To: Teresa Lo who wrote (15836)	8/19/2001 7:04:17 PM
From: Challo Jeregy	Respond to of 52237

Teresa, thought this was interesting - nice charts and commentary mjollnir.freeyellow.com

To: Teresa Lo who wrote (15836)	8/19/2001 7:57:34 PM
From: bobby beara	Read Replies (1) \| Respond to of 52237

t.lo, we have been in a very trendless market since 6/18 (MACD) on ndx, and standoff between bulls and bears, and during that period we had first the softie island fakeout, now the intc fakeout, plus you had both orcl and dell rally to the area of the april and high bonk, there was a lot of hope that we started a new bull market in tech in late april and may (TRAP!) however the evidence has continued to mount that the tech recovery may take longer than most think, and tech companies are still overvalued on p/e basis. the question is how many of the hopers are still long to provide supply for more puking, that's hard to say, that's why i want a list of larry king's guests over the next week -g- there is no question that for most nasdaq tech companies, that the april-may rally was a bear rally as the nasdaq a/d line makes new lows here, the question is do the big caps throw in the towel and follow the soldiers? i see evidence in the last week, that the big caps are gonna stand by the soldiers. contrary opinion, first needs a consensus, then needs a consensus to be wrong, there was a massive consensus during the blow-off with hardly any reaction to the trend from about november 98, until the consensus was wrong in march of 2000. this falling wedge could be a continuation pattern, just like rising wedges were continuation patterns during the blow-off. stockcharts.com