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

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To: Chris who wrote (23493)	5/24/2000 4:21:00 PM
From: donald sew	Read Replies (2) of 42787

Chris, There should be some follow-thru since we are approaching the END-of-MONTH RALLY period, but if this rally cannot produce a HIGHER HIGH by breaking above 3730, then the DOWNTREND is still intact. There was strong volume on the buy side, but there was never strong volume on the sell side. That strong volume on the buy side probably implies that this rally should continue some more. Another possiblility is that the overall market just ZIG-ZAGs and form another chart formation like a TRIANGLE or DUMPLING. gggggg On the subjective side, and since Im cynical(ggggg) it just seems too neat. ggggggg Almost everyone was calling for the support at 2900-3000 and the NAZ so nicely bounces off 3040. On a statistical basis, decilines of 7% or more are commonly retested. Since this was a clear LOWER LOW, the probabiity is of at least a retest. If the NAZ did not break 3227 to the downside and rebounded from there then it would have been a double bottom which would have been a sign of an important bottom. You heard it here first - DUMPLING MAN is calling for a RETEST. ggggggggg seeya

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