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


To: Paul Shread who wrote (34042)4/10/2002 5:15:42 PM
From: TechTrader42  Read Replies (3) | Respond to of 52237
 
Well, then maybe he'll be right this time, and there'll be a long-term, sustained rally, starting in, say, 2004.

Look where the Dow is on the weekly chart, btw. Near the 200, with a doji. It would be good if it could continue to bounce here, and not so good if it broke under the 200.



To: Paul Shread who wrote (34042)4/11/2002 9:19:44 AM
From: Terry Whitman  Read Replies (1) | Respond to of 52237
 
Thanks for the back up- but that's not entirely correct, Paul.
>he first turned bearish in April 1998, when the NYSE A/D line topped. <

The top in the A/D line was not really apparent for several months past April of '98. So, in fact, I didn't really turn bearish until several months later. But the warning lights indeed started flashing in April- and kept flashing throughout the tech bubble of the following 2 yrs. Hence, I refrained from anything but short term longs during that period. And am very happy with the results.

I will also readily admit to remaining bearish too long during the fall of 98'- and I've got the short side losses from my '98 tax return to prove it. <g>

BTW- are you going to make any comments on wireless stocks for us?