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

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To: donald sew who wrote (24057)	6/2/2000 6:40:00 PM
From: bobby beara	Read Replies (3) of 42787

Donald, i'm looking at the poke thru support on the low last week on the ndx, xci, sox and the big reversal off that as a spring or bear trap, from watching these kind of actions, i've found that they are bearish pattern failures - failed H&S patterns, usually end up with moves that make new highs in the other direction. stockcharts.com I've been watching the bullish divergence in breadth as the above guy has just posted, we had a similar W bottom on the nasdaq at the 1998 bottom, you can go to the nasdaq sum on that site and look at the weekly chart. i believe we are going to make new highs in the nasdaq in the summer rally. The one thing that bothers me is the $ chart, which i believe has topped, but maybe the indexes can go to new highs with a weakening $, as they have been correcting with a strenghtening $. b

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