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 started this subject	8/22/2000 8:55:21 AM
From: donald sew	Read Replies (3) of 42787

Recently there has been mentioned that the there are BEARISH WEDGES on both the SPX and NDX. I took a look at these wedges and just noticed that the APEX of these wedges are both hitting within 2 days. These wedges are fairly tight and have developed within the last 2-3 weeks, so they are not big wedges. If the news from the FOMC is good in that there is no tightening bias, then the wedges may get negated to the upside, otherwise maybe a sell on news situation or a 1-2 day weak rally/ZIG-ZAG before some sort of selling resumes

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