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

To: TechTrader42 who wrote (27274)	1/8/2002 10:47:05 PM
From: paul_philp	Read Replies (1) \| Respond to of 52237

hotcandle.com

To: TechTrader42 who wrote (27274)	1/8/2002 11:27:25 PM
From: Susan G	Read Replies (1) \| Respond to of 52237

It's a 3 day pattern they use at Litwick. Not one Nison uses, but I heard he has a lot of brand new patterns in his new book so maybe it's there. litwick.com I find this weekly SPX chart someone posted here or elsewhere last week scary as hell. stockcharts.com[w,a]dallyyay[pb50!c200][vc60][iub14!la12,26,9] Looks like nothing more than another Bear rally to me so far. I'm finding it hard to ignore the bullish action though, so I'm trading it. I am short tonight, so most likely I will be run over by a morning ramp job. And what did we expect but Wall Street to be screaming it's a new bull when at a top. After all, if they tell us all it's going down, and to put our $ under our mattress they will have to say goodbye totally to those lovely year end bonuses. And maybe their job with it. So the cycle renews itself, and bubbles DO reinflate <G> And "investors" sure have a short memory!! We could be in a trend within a trend. Is it a bearish downturn in a new long term uptrend, or a bullish countertrend in a still grizzy bear rally with a double dip recession on the way? The hell if I know. I give up even trying to figure it out. I think there's one hell of a recovery priced into stocks now and if we don't get it as soon as expected, it is going to get really ugly. Again. I'm just trading in whichever trend asserts itself each day, and trying to get out of the way when that direction reverses itself with no notice whatsoever. 7 upswings and 7 downswings today, with one teeny consolidation in the middle if you look at a 5 min chart of the Nasdaq futures for today, A regular rollercoaster ride. Since volatility is the highest at tops and bottoms, that's a hint, but which way <g>