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

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To: Paul Shread who wrote (29273)	9/7/2000 2:21:33 PM
From: ken-l	Read Replies (1) of 42787

paul ... i dont look at the same picture u're looking at <perhaps - GG> !!! unless the compx starts tanking hard from here and close below its opening price today @4047+/-; i'd view it as another bullish indicator since it is indeed a 'hirami' reversal pattern in the day chart !!! i would even be more bullish if the compx can break its 23.6% retracement @4107 <traded betw 4298-3521> in the closing basis !!! re: the wedge ... i really dont think that wedge was there !! compx did break the bearish rising wedge when it went up to its intermediate term top @4298+/- back in july, then broke the lower band of the wedge @4080+/- 4 days later !!! if u are using the same upper trend line of the previous wedge, instead of using the bottom @3521+/- to get the lower band of presumably another bearish rising wedge pattern, i would rather be using the intermediate term bottom @3042+/- as a starting point ... draw it pass through the low in august @3521+/- ... then, it ought to be a intermediate term rising channel instead of the rising wedge formation !!! but, i could be wrong <GG> regards, auto

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