Strategies & Market Trends : Stock Attack II - A Complete Analysis


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To: Compadre who wrote (48992)5/3/2004 5:29:08 PM
From: Michael Watkins of 52237
 
An inside day on NDX; an inside day on SPX; an up day on NYA following an inside day; and an up day following two inside days on the DJ30.

Following inside "months" on SPX, INDU and NYA.

I would not at all be surprised to see a significant bounce develop tomorrow. Particularly in SOX given the carnage - I suspect once I finish looking at sectors tonight it and Gold will be rivals for selling off.

trendvue.com 

Never mind, Gold wins. But SOX is yards weaker than the NDX to be sure. So maybe calls in certain names or SMH might work. I could see SMH bouncing 1.50 - 4.00$ if something gets going.

I also would not be surprised to see a bounce and a return to selling, or to see the market grind sideways for much of a quarter either.
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