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

To: Terry Whitman who wrote (28146)	1/23/2002 9:06:23 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 52237

Yep, Agree. Too many over sold indicators and people getting bearish. Time for a bounce. Besides, people have short memories. They are spinning NVLS release as a positive and it seems to be working despite just last week, INTC admitting they were cutting Cap Ex spending 30%. What is my name again, I forgot! WHo are you? WHere am I, buy buy buy! Good Luck, Lee

To: Terry Whitman who wrote (28146)	1/23/2002 9:16:15 AM
From: Michael Watkins	Respond to of 52237

Good advice, IMO. The momentum is on the short side right now, no doubt. Made a few changes to this Nasdaq overview chart: trendvue.com While the chance of an outright crash is there, we have to be open to the possibility that price may move up from here for a few reasons: - technically its still testing the bottom of the range if price moves back to it. Overnight news seems to be setting up an inside day at least. - the downswing is extended. Either a crash scenario develops very quickly (today or tomorrow at latest) - since price is at an important test and will not hover here indefinitely - or price will rally into overhead resistance (of which there is plenty). Hard to believe that tech can move straight up out of this range from here; however the most diabolical outcome is probably a pause in the decline, maybe even a rally for a few days and then a new test of the range bottom.