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

To: Kip518 who wrote (19124)	9/18/2001 11:26:11 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

The one thing I haven't heard anything about is indicator failure; a major bear has no respect for support, and indicators seem to be almost worthless now, IMHO.

To: Kip518 who wrote (19124)	9/18/2001 12:37:00 PM
From: HairBall	Read Replies (3) \| Respond to of 52237

Hello Kip: It’s been a while since we use to trade quips with TokyoJoe on the EGGS thread back in 98...<g> I do not subscribe to Hays (or anyone else for that matter). Per your post, it sounds like he and I are on the same way length. I am expecting a significant rally. One in which long positions in some of the previous high flyers will provide considerable profits. I bought into a few on 4/4 and bailed near their highs on 5/22. For the most part I have been net short since March 2000, but as of August 21st, I made the decision to change my posture and began establishing net long positions at the pivot lows in an effort to be on board for the coming rally. Initially I expected a "in the neighborhood" retest of the 4/4 lows but expected the COMPX to find ultimate support at the support line of its 74 rising megaphone above the 4/4 low. (The megaphone (expanding triangle) where the COMPX found its top in March in 2000 and also found support on 4/4/2001.) I later revised my expectation as I thought the moment had been shifted and the price action would not drop low enough to tag the support line of the 74 Rising Megaphone again. However, I was wrong and in hindsight I should have stayed with my initial forecast. Last Friday and Monday I believe the COMPX was being prepped to rise from the test of the support line of 74 Rising Megaphone. However, the terrorist attack on Tuesday negated that effort, but I believe the rally has only been delayed. Per my accumulation and distribution work I believe the "big boyz" accumulated stock at key levels during the COMPX decline and are still holding some. In order for those shares to become profitable a significant rally will be required. The rally will find many clinging to short positions and or remaining in cash, as most will disbelieve. That disbelief is needed so many will postpone reentry until prices are much higher or be shaken out along the rise only to reenter into distribution price action lures! On my thread on IHub I listed some of the issues I expect to do well and a couple of issues that have been good traders as of late. Good luck and good trading... Regards, LG Disclaimer: I reserve the right to be wrong. Never just follow the expectations of an anonymous poster on the internet or anyone else for that matter. Always do your own due diligence and take responsibility for your own investment and trade decisions.