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


To: sam_o who wrote (16392)8/22/2001 8:19:18 PM
From: Trading Machine  Read Replies (1) | Respond to of 52237
 
One can only hope!ggg Berney says hope is not an option!ggg

An observation, when Don gets a class 2 or a near class 1 or an intraday class buy, my indicators have passed the magic point into the buy zone but not by a very great margin.

The point here is that when they do this the market may go up the next day or so and then continue down. It's like hitting a 60 minute downtrend line. When the market responds to these weak buy signals, it doesn't go up much and tends to set a lower low. It also takes time and some downward selling pressure to get my indicators back into the "buy" zone. Then it happens all over again. barf!

So if we do go up tomorrow I will be looking for an exit, because I don't believe the rally will be very strong. FWIW

So I am "kinda" on the right side of the trade. ngngggggngnggggg If you know what I mean.

I happened to notice that Standard and Poors down graded GTW to junk status. barf - double barf!

I need to sell everything and start all over again. ggg

Good luck on the trading tomorrow, I will be sitting and watching.

Paul K.