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


To: dennis michael patterson who wrote (33713)4/3/2002 7:39:39 PM
From: Jerry Olson  Read Replies (1) | Respond to of 52237
 
Dennis

just back in from NYC...it was 78 this morning, then it crashed and burned to 45?...looked like my longs<G>

i am stopped out of all longs as of this am at some point as i review them..and have to admit right here, i made a bad call for the rally...

i was only looking for that shallow move lower after the FOMC and got a sideways to a breakdown move instead..obviously the Middle East and that oil spike had something to do with it..but we cannot trade news events...

so folks...this market timer was dead wrong...

we broke serious support on the SPX and both futures yesterday and today...i would think we'll get a technical bounce to play...

i am now dead neutral...and still not too bearish yet<g>