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


To: StockOperator who wrote (32222)3/14/2002 12:04:42 AM
From: StockOperator  Respond to of 52237
 
I want to also offer my apologies to the thread for my last post. I am sure it is going to take the energies away from the topic at hand but sometimes its not worth biting your tongue.

Regards

SO



To: StockOperator who wrote (32222)3/14/2002 1:14:21 AM
From: StockOperator  Respond to of 52237
 
I am going to finish off the night with something constructive. The last two weeks of this month is going to be crucial. The bulls have rallied prices hard here early which is either going to prove to be the real deal or just a ploy to suck money from the sidelines before they take things down again. What's the chorus on WS singing? The economy is getting better; Get your money to work early for the second half of the year; now is the time to be buying stock. What's scary is the complete uniformity in this message. When all the money managers and analysts are singing the same tune that should be a major red flag that things may not be as rosy as they seem. Now I know that the numbers lately have been good and there are signs that things are improving but yet I never trust something that is being spoon fed to me so nicely. I still go back to the trading of INTU which I pointed out the other day. It had the perfect opportunity to take off - and it didn't. Here's another thing take a look at, check out the weekly chart of DIS. What you'll find it a small little diamond pattern. Most guys remember the big diamond on the dow from a couple of years ago. These are some little things happening all at the worst possible time.

Yet it is still early. If prices close well at the end of the month, I won't argue with them. And I will post my position at that time.

Profitable trading.

SO



To: StockOperator who wrote (32222)3/15/2002 4:31:27 PM
From: HairBall  Respond to of 52237
 
SO: candya$$ Ouch...<g> I’ll respond to your post later...I've been busy...

migz123.100megsfree4.com

Regards,
LG



To: StockOperator who wrote (32222)3/18/2002 9:39:44 AM
From: HairBall  Read Replies (2) | Respond to of 52237
 
SO: Well this "candya$$" found the time to respond...<gg>

I debated as to whether I should as it was never my intention to have a pissing match with you, just a statement of differing views. It is not important if the rally off the Sept01 low was the beginning of a new bull market or just a nice rally. The fact is many stocks delivered stellar returns off that low, the kind the permabears were saying were history. In fact, the rally which began in Feb delivered some pretty darn good returns in select stocks as well.

First: I guess you missed my post to Stephen
Message 17077089

Second: Since you have been listing the few stocks that did what you expected when you expected them to, I suggest everyone look at the charts for each of the stocks listed in the following posts and see which ones actually did as you were and have been expecting. From your 2/17 post..."You cannot have individual stocks locked in a time zone for the next six weeks while the major avgs are going to be buckling under huge historical selling pressure. The only possible outcome can be a major breakdown in prices overall. An event that should play out over the time frame that I mentioned."

--------------------

Do not "buy" the action in WCOM.
Message 17094670
For those that did not buy on 2/20, the 2/21 dip would have been the next best buying dip. WCOM went on to rally over 50% from the 2/20 pivot low before beginning a retrace. A pretty nice return for about a one month's worth of price action.

On the other hand stocks like QCOM and AOL have no wiggle room on their charts at all. A big push in prices right here would cause me to seriously change my view on things. Let me also say that I really doubt that their prices, based on their charts, will be able to mount any kind of breakout for at least the remainder of this month. ONCE AGAIN IF things continue to run. If not these prices will continue to be under huge pressure. I will be watching AMAT to see whether or not it can take out 48
Message 17091693
QCOM and AOL both rallied, I guess it depends on what your definition of "big" is....you did not change your mind...<g>

Check out the charts for all the stocks mentioned in the following post...
Message 17095142
...all but one of the stocks in this post are higher, with the exception of IVGN which followed the expectation.

2/17 post
Message 17074401

-----------------------

You asked me to argue my view of the market against yours. I find that very difficult, I can't remember ever seeing a link to a chart illustrated by you to see what you are actually seeing. If my memory serves me, you rarely provide even a description of what you are seeing technically. Instead, you just provide what your technicals are telling you is going to happen. So, in keeping with the spirit of your post, allow me to respond in kind...what I was seeing "in the charts" on 2/18 was not what you were seeing "in the charts"...and please allow me to add..."we shall see", "the end of this week should tell the tell" or "next week should tell the tell" or the week after "should tell the tell" or the week after that should "tell the tell"...<g>

Regards,
LG

As stated above it was never my intention to get into a "pissing match" with you. However, if that is your intention pleased be advised I am the one in the magenta trunks...<gg>
migz123.100megsfree4.com