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


To: StockOperator who wrote (30248)2/17/2002 7:35:02 PM
From: Chris  Respond to of 52237
 
excellent points.. i might add that the strength are non-techs.. still too many looking at the techs for leadership.

example, L3 has a list of charts of strong stocks..

none of them are the sexy techstocks that we adore ;)

marketswing.com

also look at intc weekly.. big picture.. it has gone nowhere for the last few months.



To: StockOperator who wrote (30248)2/18/2002 8:29:18 AM
From: Mike M  Read Replies (1) | Respond to of 52237
 
Good post. But I am curious. Why would the bond market be at a turning point if stocks are trending down further. Where are you proposing that money will go? Money markets? Gold? If as you propose, stocks are in trouble I see little argument for abandonment of bonds any time soon.



To: StockOperator who wrote (30248)2/19/2002 2:07:47 PM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
Eegads, I go away for a few days and this place turns into a hornet's nest. -g- Sounds like a pretty even-handed view, SO, and thanks for taking the time to post it. I agree with the importance of the end of the quarter because another Japanese mark-to-market exercise is once again coinciding with futures expiration, which is always a volatile combo. And let's face it, on the simplest level, we've had a lot of failed breakouts on the indexes recently, which are pretty reliably bearish, at least for the short-term.

And in the very short-term, 1757 is the mid-point of an early November gap from 1745-1768, and thus a support point.

Good luck to all,

Paul