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


To: Sonki who wrote (16940)10/26/1998 3:20:00 AM
From: Chris  Respond to of 42787
 
i have dell already. 13 days until earnings run. im ready

break 60, we are looking good.

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AOL - ready for split. im in already. taking profits near 120 and doing a buy stop abv 120 play.

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techs may be overbought early this week, but pullback should be minimal.

DO not look at DOW. it will skew your market view.

watch small caps. r2000 coming back. (good for markets. money flowing in)

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spx resistance 1090
ndx resistance --> plot trendline connecting highs of 7/22/98, 9/30/98, and extend downwards
dow (if you want to watch this index) -> resistance 8600
transports resistance -- 2900
SOX index resistance --> 200 ema OR 270
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again, we are overbought for the very short term, but i expect us to go higher. any pullback should be buy on dips, in my opinion.

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This post is NOT a recommendation to buy or sell in any way



To: Sonki who wrote (16940)10/26/1998 3:21:00 AM
From: Chris  Respond to of 42787
 
naz futures down 13 pts

my chart snapshot tool is not working.



To: Sonki who wrote (16940)10/26/1998 3:30:00 AM
From: Chris  Respond to of 42787
 
WARNING:

the upmost tgt price for spx on this rally, in my opinion, should be 1125.

this is deducted from my weekly charts which are turning around but are NOT as strong as i would like it to be.

Thus, im looking at 2 scenarios (let's use spx for simplicity sake)

1) we retrace early this week to pullback to near 1040-1050. and then resume uptrend attack on 1090 and posiibly reach 1125.

2) we break below 1040-1050, and this current short-term rally is over (then what? not sure)

--
again, it's important to watch the market, but do realize that YOUR stock is what counts in terms of loss/gains. when the market moves, gauge and analyze your stock in terms of ITs strength or weakeness. For example, just because spx is tanking doesn't mean R2000 or internet stocks can't go up.

There are no black and white answers when investing.. if it was true, we would all be rich LOL ;))

Good night!

Chris

(this post is NOT a recommendation to sell or buy in any way)