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


To: Daveyk who wrote (31154)3/1/2002 1:06:27 PM
From: TechTrader42  Read Replies (1) | Respond to of 52237
 
Also, the Dow is now at a resistance level from early January, 10,300. Further, stochastics (12) %K is at 98. The Dow's at upper resistance in the weekly chart, too.

But all this is so much alchemy. Whether the gold will turn to lead soon, with a reversal in trend, remains to be seen. It ain't gonna happen just cuz some commonly used indicators suggest it might happen.

The market is actually controlled by a powerful syndicate on SI, and its distinguished members are illogical and unpredictable. I once attended a party they gave at the height of the bull market, and they all showed up naked. I don't trust them, any more than I trust TA indicators.