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


To: Vitas who wrote (42691)1/30/2003 8:07:52 AM
From: Terry Whitman  Respond to of 52237
 
Did you catch the oddity of his 'How to trade this market' comments?

He suggests to-
>Sell now, with a stop above recent highs, or wait for a confirmation move below 879<

As of the date of publishing, 1/26, the SPX was already well below 879. WTH is up with that?? Also, he said-

>Watch for a possible bottom at 800 - 830, <

Is 844 close enough? I shorted on monday, as my analysis indicated good odds for a drop thru tuesday. Then I held it tuesday because analysis again suggested high odds of a drop wed-fri. Stopped out of it yesterday afternoon. So that's 2x in a row that the market has beat the odds to the positive side here.

I'm not betting against it AGAIN this week. <g>