Stock Attack -- A Complete Analysis Message Board

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

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To: Chris who wrote (25565)	7/18/2000 10:30:44 AM
From: Paul Shread	Read Replies (3) of 42787

Many thanks, Chris. I have the S&P's 60-minute chart wedge broken to the downside (also shows up in the daily). That should give us a minimum downside of 1440, or 100% of the gains within the wedge, and a rapid retracement at that. The Nasdaq's wedge isn't likely to break until 4050 or so, as far as I can tell, but that pattern is much more ominous, as it would call for a rapid retracement of 100% of the NAZ's gains since 3042. Also, in retrospect, it looks like we did not get an upside break on the S&P's wedge yesterday, but I'd like to hear from John T. on that one. Paul

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