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

To: donald sew who wrote (19249)	9/19/2001 1:30:26 AM
From: stockman_scott	Read Replies (1) \| Respond to of 52237

Daily Technical Analysis... Bob Dickey, Technical Analyst & Managing Director Dain Rauscher Corporation 9/18/2001 <<The market is certainly not bottoming in a day, but the heavy volume and extreme price action is a sign of capitulation. This is how bottoms are formed after long corrections, but the market will also need a longer period of testing before a longer-term uptrend can begin. Even then, a recovery can be a process that is slow enough to go unnoticed, as the bearish sentiment can be a difficult beast to turn around. The market is very deeply oversold, and now the VIX volatility gauge is also at levels that have often been associated with market lows. While Monday may not be the low point, that level does appear to be very close in both time and price. The stocks that are currently holding up the best will continue to out-perform over the next few weeks or months. As time passes, more of the speculative issues will participate, but most likely not until after a longer bottoming period is behind them.>>