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

To: Michael Watkins who wrote (28384)	1/25/2002 11:18:25 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

I bailed on my trading longs for a modest profit (AA, TXT and CSC). The INDU is technically at a breakout here, but this 'feels' heavy to me. Market is free to take off now. -g-

To: Michael Watkins who wrote (28384)	1/25/2002 11:29:46 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 52237

Always good to talk to you too... well i'm not advocating any test of sept lows...and no calling for a sky is falling scenario...<VBG>.. but i do not like what i'm seeing here...any rally should be shorted from my perspective...the bullish sentiment is at very high levels..as are the VIX and VXN at lower complacent levels.. but most important to me is one of the BIG P&F indicators has turned down here..and the NYSEBP is only about 3% away from rolling over... i do not think there's enough energy or ooomph to push the market higher...that 1175ish double top was a big failure there..and you're right the cascade down was kind of exciting for sure..esp if you were short<G>... i did think we'd have a technical bounce 2-3 days ago..a bit higher than right here maybe... of course Michael..i have been known to be wrong<G>..but i think we'll pullback 50% on all indexs very soon...i'd like to buy that dip for the long haul and keep on averaging into leap calls... this bottom thats forming here is the bottom i am looking for...it's very constructive...this quarter should be the lows to buy hard... best regards juice