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

To: Vitas who wrote (40584)	10/21/2002 11:57:19 PM
From: James F. Hopkins	Respond to of 52237

Well I'm not sure it can call bottoms..but looking at 3mo and 1 yr I look to see if the head has improved and how it's relative strength is. I do know that if they shoot more of the more liquid ones we go down. A good sign is has the momentum of the head stopped falling and started up..( even if it's not leading yet ) That seems to be the case ( except for the last 5 days ) but with as fast as we went up..a lot of buying is going to slow down ..in fact it already has slowed , Just plain volume / price divergence shows taht. ie- volume dropping as price goes up is evident on over 70% of them. ----------- Now I got lucky as I wasn't looking all that hard but I started several weeks before we hit the low on 10/10 and was still buying on 10/10 ...I sold about 1/2 on the 15th the other 1/2, I hedged by selling CCs ( just in case that bottom don't hold ) Took out some puts today, not a lot but enough to help me protect the long side against a correction. Jim