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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 (48493)	4/5/2004 6:12:29 PM
From: Softechie	Read Replies (3) \| Respond to of 52237

IT'S SHORTING TIME!!!

To: dennis michael patterson who wrote (48493)	4/5/2004 7:38:39 PM
From: Compadre	Read Replies (1) \| Respond to of 52237

Dennis, I would like to see a bit more volume myself in this case. But I have to remind you that many a rally have started with diminishing volume. December is a the last one. So I would not count this out because of volume. The fact is that the NDX has been in overbought region for 6 days in a row, without a pull back of any significance. That spells bullish to me. Not to mention the VXN, it's threatening the multi-year low made in December. I am not saying this will last forever, just that there is no way to tell when it will end. And I think it will be a major mistake to go short as soon as the rally stops, because the chances of a one day only pullback is extremely high here.