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

To: TechTrader42 who wrote (33062)	3/25/2002 5:57:04 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 52237

Well Brooke, Bollinger's statement may very well turn out to be correct but it sure won't have anything to do with 74 and 82 cause this is not close to 82 and a fair distance from 74. I could go on forever as to the differences but it would just be boring and in the end meaningless. Monty

To: TechTrader42 who wrote (33062)	3/25/2002 10:55:54 PM
From: StockOperator	Read Replies (4) \| Respond to of 52237

"My own foolish indicators show that there's still too much complacency." B, I think you're smart for sticking with your analysis and your gut on this one. I have gone out on a limb before and will continue to do so in light of guys like Acampora, Bollinger, Bloch and Hyman (and this guy I respect) falling into line. I believe when this upcoming move is thrust upon us it will catch both the fundamental and technical gurus all by surprise and especially in the case of the technical analysts many will say "see I told you TA doesn't work." All the big guys were wrong and sitting on the wrong side of the table. Or perhaps, if this downturn that I see is event driven many will say "you can do all the analysis you want but knowone can predict random events and their affects on prices." But I will continue to stress that the next downturn in prices is upon us. I believe this entire move up in prices that started at the beginning of the month is going to prove to be that sucker rally orchestrated to get the little guy off the sidelines. A job well done considering the market has convinced a whole bunch of the pro's as well. Even if my analysis was not technically based, I would have to step back and question why this pre-packaged outlook, that's wrapped oh so pretty, is so universally accepted by everyone. Most of these guys are all on the same page. That fact alone is the reason why following your indicators or your gut, I believe, is the smart thing to do here. Even if it's up against the biggest guys on the street. With these comments I know that I'm leaving myself out in the wind here. I have kept a low profile this past week choosing to let the markets "prove" to me where they wanted to go. But I said going into last week, when things looked ever so rosy on the charts, that I believed that that resistance on the charts would hold and so far it has. I have also said that the close Thursday would define all the volatility of the month and that a close below 10,300 (roughly) would constitute a major blow to all the talk about a breakout on the DOW. Like my comments during the last couple of weeks about INTU which had the perfect opportunity to breakout and it didn't. A close below that resistance on the DOW would put that index in exactly the same position. A huge opportunity to advance only to see it slip away at the last moment. A coincidence? Perhaps, but in the context of my work, a beautiful headfake to get the masses looking in the other direction. With three days left I know that I am early and that's why I say that I'm leaving my a$$ in the wind. But even if we do get a big push the next three days there are going to be a whole bunch of the generals left at the train station (this year). Which means that picking out winners will continue to be like walking through a mine field. If not a close below that resistance on Thur. could represent the "setup" for a big surprise that I'm talking about. If wrong, I'm sure it won't take very long at all for someone out there to point it out. Which doesn't matter, I will post what I see at that time. Time will tell.