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

To: Jeff Jordan who wrote (47343)	10/29/2003 8:29:58 AM
From: Terry Whitman	Respond to of 52237

>What's the spread on MSFT?< Looks like about 6 cents. -g- finance.yahoo.com >Market Report Better to Fade Out Than to Buy Away By Jeff Cooper TheStreet.com Contributor 10/29/2003 07:13 AM EST URL: thestreet.com First of all, please excuse the brevity of today's piece. Due to the fires in Los Angeles, I have had data-feed problems. However, research done by my associate Dave Reif, of which I will go into greater detail tomorrow, shows that any new marginal high here should be short-lived. Historically speaking, the odds are that the market will not be able to hold on to those gains or produce further advance into year-end. In other words, history shows that any high seen in October, followed by a decline and a test of that high into late October or early November, is a better fade than a buy. Of course we all know that the market can do anything at any time. (That's what stops are for.) But trying to pick short straws is not a winner's bet. That said, the market has been very frustrating recently as one reversal reverses another prior move. There will be many divergences, such as momentum, new highs and the advance-decline line, on any new high here. Plus, there is a cycle-turning point due on Oct. 30, on a measured move from a low to another low to a high. <