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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 (28330)	1/24/2002 7:31:42 PM
From: Michael Watkins	Read Replies (2) \| Respond to of 52237

Speaking of picking sides... I doubt that it will be ambivalent and just meander here at these levels for long. Another day, perhaps an arduous two, at most. An interesting point in time - today's price action has initiated a new upswing. trendvue.com Taken on face value - a new short term up trend has begun. It may get slammed right down tomorrow, but as far as we know, price is pointing up as of today. So far the market internals are holding up: Nasdaq - trendvue.com NYSE - trendvue.com But price will be our guide. I am personally long from the 23rd, stops in place at or near break even, if the market does head down for a test of the recent lows, I certainly will not begrudge giving up a few dollars in commissions to be stopped out. A second trip to the 22 / 23 lows on the daily will almost certainly mean a retracement of some significance. But one day at a time...