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

To: TechTrader42 who wrote (35621)	5/7/2002 6:32:19 PM
From: TechTrader42	Respond to of 52237

The Naz support looks OK. 1558 was a target I mentioned. But the SPX and Dow don't look like they've found support at previous congestion levels. We shall see whether they bear down on the Naz, or whether the Naz can have a sustained rally from here.

To: TechTrader42 who wrote (35621)	5/7/2002 6:40:09 PM
From: Vitas	Read Replies (2) \| Respond to of 52237

you would likely only get a triple dinger if we were to make new lows, right? if this is just a retest of the September lows then a double dinger or single dinger would do it? so how do we know which to hold out for - are you using any filters?

To: TechTrader42 who wrote (35621)	5/7/2002 7:02:54 PM
From: ajtj99	Read Replies (2) \| Respond to of 52237

There are plenty of reasons why this is not the bottom: -VIX and VXN still not high enough -No -1000 tic readings (that I have seen). Usually we see a string of them at bottoms. -Major support levels have been breached without lower underlying support being tested yet -MACD and other indicators just turning over on many charts, indicating there is more down ahead. -Three black crows. Nuff said. -BTK and other indices breaching 2-year lows. Anyway, I could go on. I am shorting hard if we reach COMP 1640. I already have a 1/3 position of BTK puts bought at about 382 BTK as a hedge against CSCO. I'll look to fill out the rest of the position at either BTK 406 or 425 (fat chance on 425).