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

To: dennis michael patterson who wrote (37972)	7/15/2002 4:12:22 PM
From: HighTech	Read Replies (1) \| Respond to of 52237

Good reversal day. These kind of reversals often indicate a bottom of some kind, whether it's THE bottom, who knows. I think an odds player has to be long for at least ten minutes tomorrow. -g- HT

To: dennis michael patterson who wrote (37972)	7/15/2002 9:36:06 PM
From: bobby beara	Read Replies (2) \| Respond to of 52237

i don't have a clue, i wan't a half a dozen bear magazine covers, but this has been death by a thousand cuts. there was some huge panic on the wcom announcement, and some panic in the last week, if you draw trendlines on the spx from the march top, they slop down in three's, the last slope from the top after july 5th is vertical. Hey, here's somethin, Telephone a dow stock reached a price a couple of weeks ago that it hadn't seen since 1982 -g- The EOW bears have already posted that computer makers = buggy whip makers, i guess the telephone is going the way of the hula hoop after they put 200 mhz chip implants in our temples -lol- and we'll communicate by aeroports -g- stockcharts.com T has a little consolidation pattern, a break above that pattern would indicate it's a base, not a bear flag. WCOM is a sleazy outfit, if T is a ponzi scheme were in trouble, the Bullish percent telecom has bounced of near zero twice in this downtrend. There are some extremes maybe like we had at the march 10th 00 top, except at the march 11th 02 top, people loved listed stocks, value stocks, small caps, and hated tech stocks and large caps. We may get some kind of reversion to the mean here, which is why tech stocks have had good relative strength over the last several weeks. stockcharts.com[r,a]dbclyiay[dd][pc20!b200][vc60][iUb14!Lm12]&pref=G The ndx has a little consolidation pattern similar to T's, microsoft made a new 52w low intraday today if i can believe that tick, and closed back in it's triangle, microsoft is the bluest of the blue chips on nasdaq, it might be the case that this was the last one that got killed on this downtrend, it made a new low, which was the last to confirm the 3 drives to a low on nasdaq since the jan top. some follow thru and break of 20 ema on ndx on a white candle will pound the shorts, it's hard to call a trend change until that happens. it smells here like bear klowns are about to be destroyed -g- we'll see. insider.thomsonfn.com