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


To: Challo Jeregy who wrote (38740)8/6/2002 10:55:01 PM
From: Simon  Respond to of 52237
 
Having broken through the neck line of a giant H&S pattern of the Dow it would appear the market is trying to stabilize before going back up to the neck line. Once it get there, I will really get nervous.



To: Challo Jeregy who wrote (38740)8/7/2002 9:12:07 AM
From: Paul Shread  Respond to of 52237
 
Thanks, Challo. Nice piece. Maybe it should worry us that he's everywhere? -g- I don't know when that capitulation wave will come, but I expect we'll see it at some point, maybe soon. The 90% upside days mean there's a lot of disappointed buyers who could easily add fuel to the downside.

What the heck is up with gold this morning?



To: Challo Jeregy who wrote (38740)8/7/2002 10:01:30 AM
From: Paul Shread  Read Replies (2) | Respond to of 52237
 
I went to 100% cash on the open. I don't like anything and want to sit back and watch for a while.

Cisco missed revenue estimates and lowered guidance, but said they were willing to certify that they weren't lying about those results. No wonder they sold the rally.

I still think July 29 marked exhaustion, which means both tech and non-tech should see new lows, BWDIK.