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


To: StockOperator who wrote (37792)7/10/2002 3:54:14 PM
From: StockOperator  Read Replies (2) | Respond to of 52237
 
Just amazing to read how many still think that it's the time to buy. This has got to be the Rodney Dangerfield of all bear markets. When in fact it should be the one most respected considering how rare a monster like this comes along.

We're down over 200 and we don't even have a break in the banks yet. Just look at LEH just hanging there - resolution is close at hand....what about JBL the stock is clearly beginning to show its hand....an upgrade in CSCO, come on! Merrill must have sent that one by email only, just because they couldn't look anyone in the eyes. Widespread carnage across the board, the kind of action that hurts everything it touches. All the more reason people need to heed every trivial message sent. Whether its a nothing stock breaking into new lows or one of the generals with a pattern that says it will soon follow. This is the real deal folks.

EDIT: A close here (down 270) wipes out all of last week's gains and pushes us into new lows.