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


To: Jerry Olson who wrote (30772)2/25/2002 8:14:37 PM
From: The Freep  Read Replies (1) | Respond to of 52237
 
Options Jerry -- do you still see this as a rally to be shorted? Or did today's performance override that earlier in the day observation?

Consumer Confidence number at 10 A.M. tomorrow could easily give us breakout failure or double top or a blast through that double top. OR none of the above!

the freep



To: Jerry Olson who wrote (30772)2/26/2002 8:44:18 AM
From: Terry Whitman  Read Replies (1) | Respond to of 52237
 
Hi OJ- I'm doing well, thanks. Hope you're staying out of trouble, and away from the folks suffering from BBS (bitter bear syndrome). <g>

The DOW should lead us up in normal times. After the Tech mania of the last 5 years, people forget that the blue chips SHOULD be the leaders. And after a 2 year long bear market, they forget what a bull market looks like in the beginning.

I thought we'd probably see 1050 SPX, but I'm not gonna hold my breath for it. There are no guarantees in the stock market- so I'm just holding my longs, and will add on dips.

The period of time in since the cyclical bottom means that we should have the broadest part of the cyclical bull market just ahead. The A/D line should continue to move up with the market indices, and the new high list should continue to grow. Grab ahold of some of those new high stocks and hang on..

As I mentioned last friday, full moon period + end/1st of month + TRIN5 >8.0 = very high odds of a bullish week. So far, dead on.

Regards,
TW