Stock Attack II - A Complete Analysis Message Board

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

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To: Chris who wrote (5)	2/10/2001 12:26:49 PM
From: Gersh Avery	of 52237

Interesting .. It seems to me that the implication to that idea is that the downtrend line will now become the lower trend line in a new down trend channel. If so where would the upper line for this new channel be? If you take the peak near 7/17 and draw a line through the ~12/22 bottom you would have (close) the bottom line of the last channel. If you draw a line from the ~1/30 peak parallel to this downtrend line, you then have something that looks like a fork. In case you didn't see it: homestead.com values for Monday: Black fork tines: Upper : 1411.45 (96.69) Mid : 1351.05 (36.29) Lower : 1290.65 (-24.11) Red fork tines: Upper : 1352.61 (37.85) Mid : 1258.01 (-56.75) Lower : 1163.41 (-151.35)

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