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

To: StockOperator who wrote (37740)	7/8/2002 6:36:23 PM
From: SpecialK	Read Replies (1) \| Respond to of 52237

SO, when you refer to the structures of the charts, what would need to happen for the charts to negate the doomsday run and turn positive? Obviously, a start would be for the lows of last week to hold tomorrow and the next day and a charge to higher highs than last Friday's close. What else? For the last 5-6 quarters, most of the time, the 3 week timeframe starting when earnings start reporting, has been positive every time. I'm not calling a bull here, just an increased probability of a sustained 1 month rally. ketan

To: StockOperator who wrote (37740)	7/9/2002 8:41:59 AM
From: Terry Whitman	Read Replies (1) \| Respond to of 52237

Well, you've been right on target for the last 3 months. Things have been just as bad as you expected- and worse than I did. And you are right in that there has been little talk about the NDX being below support. That does concern me. On the bright side- none of the other major indices have followed so far. I did read one technician who said that you should give a little leeway on a breakdown. 4 or 5% on the four letter index, and 2-3% on the others. So maybe it's just a slightly lower re-test. Or maybe not. The lack of concern is somewhat 'disconcerting' however..