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


To: Mike M who wrote (33625)4/2/2002 5:01:50 PM
From: TechTrader42  Read Replies (2) | Respond to of 52237
 
My mistake. When you referred to "a pause consolidating to 1700" and "going to 2350," I thought you were writing about the Nasdaq, not the NYSE. So when you mentioned breadth, I assumed you'd want to look at Nasdaq breadth. But since you were commenting on the NYSE, that sheds a whole new light on the subject. So you think the NYSE might consolidate at 1700? Interesting. Any feelings of disorientation during the pullback today? Clouding of the auditory or visual fields? Uncontrollable mood swings? Melancholia? Desultoriness in trains of thought?

I know you're upset about the downturn today -- it grieves us all -- but listen, even though my notes have been seen as bearish, I'm not really to blame. My influence on the market is minor. Nevertheless, I'm going to give the Nasdaq offices a call this evening and see if I can do something, anything, about the falling composite index. Mind you, I can't guarantee you anything. I might not even get through to anyone important. If I don't, and if the market does tank again tomorrow, please understand that I've done what I could. Don't take it out on me. I want only the very best for the Nasdaq. We all do. It means a lot to us. The market was never meant to go down. It's wrong, and it will have to stop. You have every right to be concerned -- and peeved -- particularly if you didn't use stops.

After reading your notes on the "consolidation" and the good breadth, the market will make every effort to correct itself. It was mistaken today. The September rally will continue. Prices since the middle of January will be revised or deleted. Please tune to CNBC for details.