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

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To: Paul Shread who wrote (27936)	8/18/2000 1:47:49 PM
From: bobby beara	Read Replies (1) of 42787

shread, i just want to reiterate the volume issue, all of the moving averages converging on nasdaq and the tightly wrapped ppo oscilator on the spx shows that we are narrowing into a decision point. the bears had their shot twice to take this market down, below support, both off the 3/24 top and the 7/17 top, the bulls have rescued this thing at the thick rising trendline off the october 99 lows. 207.61.23.98 so here we are, back in the area that is a thick band of resistance around the 1480 to 1500 area, either this thing is an exhaustion wedge, or this consolidation on spx over the last 9 months or so is an ascending triangle, if we don't breakout here, i expect another retest of that rising trendline. nobody knows for shure, except for don wolanchuk's hairdresser and arch crawford's orthodontist -gg-

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