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

To: Arik T.G. who wrote (37098)	6/17/2002 5:06:01 PM
From: isopatch	Respond to of 52237

Arik. Thanks for the input. Good to hear from you. It's been awhile. Best regards, Isopatch

To: Arik T.G. who wrote (37098)	6/28/2002 11:50:15 AM
From: Arik T.G.	Respond to of 52237

Weekly Comment (this was written before today's session so might be a bit outdated) LT trend - still bear market, and a big one. waiting for the BKX to end the multi year ED and send the market much lower IT trend - next couple of sessions will tell. Possibly up already, less probably crash. ST trend - Up. Could turn on a dime. Next resistance and important point to watch - SPX 1005-1006 >>... the IT down trend I declared on March 18th around S&P 1180 ...IS PROBABLY OVER. I was dead wrong. The market went to new lows. First on the 24th and again on the 26th. My guess is that June 25th sell off (market gapped up in the morning, sold off heavily in the afternoon) was triggered by pre knowledge on WCOM scam. The shorts closed by news and softened the drop the next day. Therefore most capitulation indicators didn't reach full capitulation levels before the market turned. It is likely that the IT low is now fixed, but I'm more careful this time because after all the overlaps on the way down, and the local higher high, the trend continued down and made a new lower low (before WCOM news). So I would like to see a higher high (S&P above 1005) and correction to become convinced. Also today is the last session of the quarter and may be skewed. ST the S&P 1005 resistance should be challenged. If crossed there is likely a correction down but no new low. Warning!!! This is not a high probability scenario but worth the warning. If today (Friday) closes down HARD there's a good chance it's the 1st session of a 5-6 trading days crash (capitulation) phase. Again, I would expect today to be up, but just in case. ATG