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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 (21510)	10/12/2001 8:11:17 AM
From: briskit	Read Replies (1) \| Respond to of 52237

a closing signal is more reliable than a closing signal. ggg, this is some kind of cryptic candlestick interpretation, or are you really starting to sound like a Wall St analyst now? Have a good one, and thanks for providing my daily market pulse.

To: donald sew who wrote (21510)	10/12/2001 8:19:10 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 52237

Don: Re: "In light of the major indicies returning to/near the pre SEPT 11 levels, my question now is - how are the fundamentals doing. Are the fundamentals now supporting the possibility of a new bull market or is the market just returning to/establishing some sort of a trading range, maybe a new/lower trading range(in such case the market may be nearing the top of that range)?" We may have a short term bounce in fundamentals because of the downfall in economic activity due to the disaster. Some people might view that as a new bull market. I think such a bounce will be short lived in the current environment. But the international situation makes that a hard call. Already, we have the "bottom" calls coming out. I expect we will hear many more of them over the short term.

To: donald sew who wrote (21510)	10/12/2001 11:25:52 AM
From: yu	Respond to of 52237

As mentioned previously, I will not get overly bullish until the overall market breaks significantly above the 62% FIBONACCI LEVELs calculated from the MAY peaks. The following are those 62% FIB LEVELs: >DOW - 10100 >SPX - 1175 >NAZ - 1970 >NDX - 1698 >Until those levels are broken to the upside significantly, >the recent rebound are basicly normal in size per >FIBONACCI followers, and some may just consider it just a >bear market rally. Another way to look at it, with a >positive twist, is that there is still significantly more >upside room within the parameters of normal FIB levels Don, I have no disagreement but just want to add that if the market do reach the level you listed above, it would be considered to be a great run in any standard. The point is, people may not want to wait until it gets so high before participating. yu