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

To: SpecialK who wrote (46722)	8/22/2003 7:20:58 PM
From: Compadre	Read Replies (1) \| Respond to of 52237

Interesting call Ketan. I am not ready to do the same yet. I still think there is an upside, base on the technicals ( mainly momentum indicators). One thing that I have started tracking lately is the VXN, and it has broken down as of last week. I believe that it takes quite a bit of momentum to cause it to break down, and it will take a lot of negativity to cause the NAZ to reverse from here. I have other indicators telling the same story. The DOW and the NAZ are leading here. If only the SPX and OEX would catch up, it would be one heck of a rally. But then, that is the bad part of this bull. It's not so broad based. I think the next target is in the 1280 area and it may rally again. Remember that the end of the month is coming next week.

To: SpecialK who wrote (46722)	8/26/2003 10:59:23 PM
From: SpecialK	Respond to of 52237

I admit I was wrong on WEBX. Some news today of being added to the S&P 600 Small cap Index, and the stock has gone from an awful candle last week to a bullish one this week. I don't think the news warrants this big jump today, but with the heavy short interest,it could keep riding higher.

To: SpecialK who wrote (46722)	8/27/2003 1:21:03 AM
From: maceng2	Respond to of 52237

Stocks trade higher on technical factors (I like your call btw, this is just a UK news bite on the situation pb) ananova.com Stocks resumed their upward path climbing back from earlier losses to close higher for the first time in three days. Analysts attributed the upturn to technical factors rather than positive reports on durable goods orders and consumer confidence. Stocks were also pressured for most of the session by cautionary words from Intel about the state of the technology business. After losing as much as 84.56 earlier, the Dow Jones industrial average closed up 22.81, or 0.2%, at 9,340.45, according to preliminary calculations. The gain allowed the Dow to recoup some of its two-day loss of 106.04. The broader market also turned higher in the late afternoon. The Nasdaq composite index rose 6.33, or 0.4%, to 1,770.64. The Standard & Poor's 500 index advanced 3.02, or 0.3%, to 996.73. Analysts said the market has already priced in expectations of good economic news. They attributed the market's volatility to thin trading and the latent weariness of investors who remain uncertain about the second half of the year. Stocks were mixed with companies shares trading on news specific to them. Intel rose 47 cents to 27.71 dollars, rebounding from earlier losses that were based on cautious comments by its chief executive, Craig Barrett. He said it was too soon to predict a recovery in the chip industry. On Friday, however, Intel raised its third-quarter revenue estimate. Xerox rose 85 cents to 10.39 dollars after SG Cowen upgraded it to "strong buy" from "market perform." Bristol Myers Squibb fell 30 to 25.51 dollars after Sanford Bernstein downgraded the drug maker to "market perform" from "outperform." Vivendi Universal slipped eight cents to 16.93 dollars as the French conglomerate faces a shrinking field of bidders for its entertainment assets with Liberty Media withdrawing from the process late Monday. Advancing issues outnumbered decliners nearly 4 to 3 on the New York Stock Exchange. But decliners were losing ground. Trading volume was light as it has been throughout August. The Russell 2000 index, which tracks smaller company stocks, rose 2.63, or 0.5%, to 486.50.