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

To: StockOperator who wrote (35188)	5/1/2002 10:21:49 AM
From: Paul Shread	Respond to of 52237

10:03 ET ISM Index declines to 53.9% : The April ISM Index fell to 53.9% from 55.6% in March; this is worse than the 55.0% consensus. Construction Spending fell 0.9% in March, much weaker than the -0.1 consensus and also wider than the Briefing.com forecast of a 0.5% decline. Market had been hopeful that yesterday's slightly bullish Consumer Confidence data would be followed by another positive economic report. Dow (-52) has tumbled about 30 pts on the news; Nasdaq (-33.8) has lost roughly 18 pts in the minutes since the reports were released. briefing

To: StockOperator who wrote (35188)	5/1/2002 11:43:40 AM
From: Robert Graham	Read Replies (1) \| Respond to of 52237

Last time I checks BigCharts, price is at a test of bottom on both the intraday and the daily chart. The one on the daily chart is actually a small test of bottom. Still, I think we are at an interesting point in the market, which is right below key support on the daily charts that now has turned into resistance. A sentiment indicator may be worth examining right now. Lets poll those who in the recent past thought the market was ready to blast off, and see what they are thinking right now. ;-) Bob Graham PS: I am referring to the COMPX. PPS: We are heading into the lunch break now.

To: StockOperator who wrote (35188)	5/6/2002 4:26:55 PM
From: StockOperator	Read Replies (2) \| Respond to of 52237

I missed the interview with Arms but am just now watching Phil Roth say that he's expecting a "zig zag" pattern going forward (???). Isn't that what it always does?? Trust me when I say it this quarter is going to offer us a more significant break in prices overall. Some of which are only in their infancy (DIS). Some of the chips are only starting. RFMD (which DMP is looking to buy) should be in the single digits sometime early summer. This is a trek into multiyear lows. Stocks like SUNW and ORCL have blazed a path for a whole bunch that are soon to follow. Any rally will be short lived.