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

To: StockOperator who wrote (30315)	2/19/2002 12:02:42 AM
From: StockOperator	Read Replies (3) \| Respond to of 52237

Alright, now that things have settled down I'm ready to step in front of those headlights again -g-. Let me start off by saying that through the years my approach to SI has been to keep the conversation clean. I realized a long time ago that insulting people will get you nowhere. I have also tried to layout my perspective on the markets and in doing so, offer as many examples as possible to back up my point of view. That's why my posts generally float back and forth from stocks to indicies. There's a couple of reasons why I don't post links or charts in any of my posts. The first being that my charts don't look any different that anyone elses. Instead what I have tried to do is stick to my interpretation of what I'm seeing. Which I think is more important. What do people really want to know when reading what you have to say? They're looking for your thoughts on the direction of things. While the charts all look the same, the interpretation of that data can be different with every poster. That is why I have always stuck to the written word. With that said let me get back to the subject at hand. I wanted to say a couple of quick things on the markets before I call it a night. Despite all the volatility of the past two years I think it is important to remember that this downtrend is still intact. Until we get a significant push through this resistance on the charts (for most of tech) there will continue to be a battle between the bulls and the bears. A battle that is coming to head once again as we speak. Like always the pressure is going to hit some stocks before others. QCOM, VRSN, AOL, WCOM, IVGN, YHOO, CHKP and the utilities will probably show their hands before the Semi's of the world. I would watch all their prices this week for further indication as to who's winning the war. Either way the Semi's should start to slip """THIS IS THE KEY PART""" UNLESS the market as a whole can muster its way through the overhead resistance. Based on the way things are rolling over right now, with new lows already set this month (compared to last) I seriously doubt it. I stick by my call that the upward assault on prices is finished through the 1st qtr. Even if stocks like CSCO or SUNW could manage to turn around here there are in no position to break into runaway mode. Watch stocks like HWP. The battle there will become more pronounced in the next trading days. Always flexible, SO