Stock Attack -- A Complete Analysis Message Board

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

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To: Peace who wrote (29245)	9/7/2000 12:02:33 PM
From: James Strauss	Read Replies (1) of 42787

Peace: Agreed... The primary trend is still up... The New Highs continue to outpace the New Lows on on both the Nasdaq and NYSE... finance.yahoo.com In mid July the NDX had 2 down days followed by an up day similar to today... bigcharts.com It then proceeded down to the 3500 area where it based and started its current upleg... The good news is that the 3500 basing area was higher than the previous 3000 basing area in May... This is what rising trends are made of, rising bases... If the NDX should reverse down again, it is very important that it base above the 3500 area... Using your 3750 number as an example of support would set up a rising pattern of bases, 3000, 3500, and 3750... It would confirm the interim term upleg we are in... Jim

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