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


To: dennis michael patterson who wrote (27517)1/11/2002 3:28:08 PM
From: TechTrader42  Read Replies (1) | Respond to of 52237
 
They're too good to you, Dennis. I don't know how they got so chummy with you. It must be all the good wine. They treat me like dirt.

The bias is still to the downside with the CI's. The Naz ones are coming within range of an attempt to reverse to the upside, but it's iffy. My view is that the trend for the market has reversed to the downside (since Monday), and that the trend could continue next week, even though bargain hunters may be looking for a resumption of the uptrend after a quick retracement. My view was that the fundmentals didn't support last week's ramp job, which I thought was a blatant attempt to get more suckers to buy overpriced stocks. The LT CI's topped out last week, and it was all over for the uptrend.

ST Naz CI: 55.276 56.784
MT Naz CI: 58.118 59.529
LT Naz CI: 92.356 92.613

ST S&P CI: 43.953 62.832
MT S&P CI: 68.333 79.000
LT S&P CI: 94.639 96.445