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


To: Terry Whitman who wrote (34582)4/22/2002 2:30:06 PM
From: TechTrader42  Respond to of 52237
 
I focused on LU because I thought it was one of those that you've been discussing as a buy. I think I warned that it could go lower when it was in the 6s, when you apparently took the opposite viewpoint. I vaguely recall that stochastics had maxed out and that it was coming up to the 200 SMA from below -- and a downward sloping 200 SMA at that. As for WCOM, that's been attracting the dipsters for a while, too (over on the market unidirectional thread, for example). And they've been getting dipped, unfortunately.



To: Terry Whitman who wrote (34582)4/22/2002 9:43:18 PM
From: bobby beara  Read Replies (2) | Respond to of 52237
 
. I've been posting views here on SI since 1996, and I'm still standing.<<<

terry, you can't argue with any of these permanent bears,

even though we are now at the 7 month anniversary of the last new low in all the major indexes, this is 1929 revisited, soup-lines, bank runs, etc. - i don't think so, not yet anyway =g=

just find a ledge and pick a spot to take a dive -lmao- (people have pm'd me and say they feel like doing this after reading SI lately -g-)

it was just like arguing with the perma-bulls at the top - YOU KNOW, and i think babbling (when the markets down) brook, puts me and you in the perma-bull category (lmao), and like you i was an ardent bear as the bubble was forming, and was early then and have been a little to bullish during what i believe is a basing period.

Message 12443009

i agree the telecom bottom is forming, they hate it like hell, the XTC chart is getting parabolic to the downside, picking a bottom, can be as tough as picking the nas top though, and there could be a significant BK in this area that could washout the sector.

John Buckingham, at the Prudent Speculator - value investors, who love to buy crashed out charts and hold em for a few years is talking about the telecom sector lately.

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