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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 (20521)10/3/2001 7:31:57 AM
From: Jerry Olson  Respond to of 52237
 
Morning Don

looks like THIS FOMC may do the reverse of the last 2...rally the day of the FED then tank???..interesting for sure...

there are so many negatives out there right now weighing heavily on the market...

i was thinking we could get a backside bounce up to the 20 ema daily, on the SPX at 1060, or the DOW at about 9100...

if we roll over here, then it's just another sign of total weakness in the indexs...

and just to think what next Q is going to look like...i've been saying Q4 will a ton worse then Q3...not a pretty site...

the VIX has had a 23 point retrace down off the balistic buy signal at 29...hits 57 and is pushed down here...

the double bottom break was at 40, let's if it can rally back up to there...setting up another move down...it's very oversold here...

keep up the great work

best

jer