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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 (30390)	2/19/2002 2:09:02 PM
From: isopatch	Respond to of 52237

Terry. Careful, couple of his friends may show up here and try to make you run the gauntlet<g>. These 2 items from your post brought something to mind that you might find interesting. <bad companies are being sold- the good ones are not> and < The majority of my longs are still in the black, oddly enuf.> Well, that points to good stock selection. By the same token, my training & later experience in Bear Markets (and major corrections in Bull Markets) has shown that the strongest stocks are the last ones to break. In fact, that's one of the signals that the decline is nearing the end. Isopatch

To: Terry Whitman who wrote (30390)	2/19/2002 6:55:07 PM
From: Robert Graham	Read Replies (1) \| Respond to of 52237

That top in the NASDAQ that I mentioned in a previous post did look to me that there will be some significant selling to come. Interesting that one characteristic of this market in periods of congestion is the presence of widening swings, IMO a sign of speculative action in the market. This speculative "engery" can skew the interpretation of the markets made by some traders. There needs to be two components to a method that uses sentiment indicators. One is a substantial deviation from the norm. And since this deviation can last a significant period of time before it will lead to anything, price also needs to confirm. As far as volume is concerned, in a bear market, price can move down for extended periods of time with lighter than normal volume. The DJIA looks to be in a trading range. Distribution? JMO. Bob Graham