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


To: dennis michael patterson who wrote (15308)9/1/1998 5:29:00 PM
From: Electric  Read Replies (2) | Respond to of 42787
 
dennis,

I know. I was jealous of you all on Monday.

Watch the foreign markets tonite, how they react is important to us tomorrow.

News of the losses to banks in after hours might help or hurt depending on how the market looks at it.

PREM closed 4 points over FV which means about nothing, but is a cushion I suppose.

If the bears come back tomorrow then we may see lower levels, but if todays action is followed by a good solid foreign rebound, there are many fair weather bears that can and will turn bullish since they are trading with the short term sentiment(like you).

It doesnt take too many days of trying to short and losing to stop the trend. I think there is alot of negativism priced into the current market. And I think there were fundies that wanted to see an end to this drop, and that might follow through into tomorrow.

I will be watching for Don Sews analysis and see if he waffles at all from his initial predictions/analysis..

Where is Chris anyway?