Stock Attack -- A Complete Analysis Message Board

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

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To: dennis michael patterson who wrote (24129)	6/5/2000 9:41:00 AM
From: Paul Shread	Read Replies (1) of 42787

Dennis, I thought the reverse H+S in the 60-minute NAZ chart pointed to a move to about 3800 (head to neckline was about 400 points). While I'm seeing similar patterns in the 60-minutes charts on the SPX and OEX, I'm not sure if this is enough to qualify as a bottom, and am thus expecting a FIB retrace to 4200 or so at best. The diamond patterns in the weekly Dow and SPX charts are an awfully bearish sign; don't know how soon they'll complete, however. They could take until early fall to complete, or they could break this week. Paul

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