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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 (37090)6/17/2002 9:56:38 AM
From: TechTrader42  Read Replies (1) | Respond to of 52237
 
"I do STILL believe we are not far from a major inflection point in the market."

FWIW: The Naz CI's bottomed out close to 0 in all time frames last week, and then reversed back up, giving a buy signal, Terry. The S&P ones didn't quite bottom out (though they have reversed to the upside for now), and there's still a possibility the S&P could drag the Naz down, I suppose. But the Naz ones did bottom out, and that's often a good sign. Max pain for the Q's is 31.



To: Terry Whitman who wrote (37090)6/17/2002 10:22:57 AM
From: isopatch  Respond to of 52237
 
Terry. Lots of market leadership changes during past 3 yrs.

2000 was actually the best year I've ever had. But that's because my beat is energy, not technology or the other areas of the previous bubble era.

During the past year the PM stocks have been the place to be. But even there, an important consolidation has taken hold.

Every market period is different and all we can do is adjust to conditions as best we can. In recent weeks, cash has been king.

Isopatch