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


To: dennis michael patterson who wrote (48353)3/26/2004 3:33:54 PM
From: Michael Watkins  Read Replies (1) | Respond to of 52237
 
Yesterday was amazing in the Nazz. I just don't know what to make of it

Uh, it went up? ;-)

Edit - ack I have a hard time saying anything in once sentence. Look, 9 weeks down on Nasdaq; an extreme move down and a gap - the odds were very high that Wed would gap up and push higher, after the test of bottom and failure to close low on Wednesday.

So the rubber band is snapping back the other direction. What next, dunno.

Even if it closes below Thursday's highs I'm not going to fret it; I am remaining in my long positions with break/even stops and will evaluate where to move them on Monday.

After all, today is still an "up" day - managed to push to higher highs without making lower lows. Mon/Tues should really give us a clue.

I doubt this swing up will be a two day wonder but reserve the right to change my mind.