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

To: Henry J Costanzo who wrote (40620)	10/24/2002 1:28:21 PM
From: Caxton Rhodes	Respond to of 52237

Two things point to a turn in the rally on the ndx, a harami on the 21st and 22nd and todays potential doji. Daily still overbot, may be a good time to short today depending what it looks like near close. Caxton

To: Henry J Costanzo who wrote (40620)	10/24/2002 1:36:00 PM
From: Stephen	Read Replies (3) \| Respond to of 52237

As I watch the daily action, whilst there are lots of indicators that say the various markets are at a top, I would usually expect some kind of distribution. I haven't seen anything like that yet ... except for some spells like yesterday which just seemed to somewhat alleviate the overbought condition before things shot up again. Lots of retail players on the short side only helps fuel the violent upmoves. The fundamentals make me more comfortable being short ... but then often price moves precede fundamentals ... and one is supposed to buy low ... LOL. Although different, I'm trying to remember what this feels like compared to the bottom after the Asia crisis ... On another note ... how many of us are people looking to buy this pullback ??. Best regards Stephen