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


To: Berney who wrote (39278)8/29/2002 8:43:13 AM
From: Jerry Olson  Respond to of 52237
 
Hiya Berney

thanks...i thought after the triple top breakout at 930 and touching the recent top about 965 we were heavily overbought on all indexs..so i said we'd pullback, but wanted to buy this dip..well i am, and here we are...the 2 comments were from the Aug 18th letter and then this past weeks letter...

from the 18th..

SPX---LIKE I'VE BEEN SAYING IT WAS GOING TO BREAKOUT AND IT DID..A SPREAD TRIPLE TOP AT 930, WOULD LOVE TO SEE A SHORT PB TO 890/900, THAT WOULD BE AT THE BUY IN AREA FOR A BIG TIME RUN UP TO 1010/20 AREA

from this past sunday...

SPX---BREAKS THE TRIPLE TOP AS WRITTEN AT 930 AND RUNS RIGHT UP TO 960 FAST WITH POWER...930 THE 3 BOX DOWN, BUT 900 LOOKS LIKE A GOOD NUMBER TO ME HERE..THIS IS NEARER TO THE BREAKOUT AREA...

so we look ok right now...

the DJIA is on a shakeout pattern right now...it needs to get up and reverse...

btw..volume on this selloff was mediocre at best...

good luck

OJ