Stock Attack -- A Complete Analysis Message Board

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

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To: dennis michael patterson who wrote (31728)	10/2/2000 5:25:17 PM
From: bobby beara	Read Replies (2) of 42787

dennis, the ndx broke out of the triangle i posted this weekend, and i give the possible wave count that we have five waves into 9/18 (look at les horowitz ndx 100 spreadsheet from 9/18 very oversold) we had a triangle which relieved that oversold condition and now we are breaking down out of it, notice some of the last holdouts like the biotechs and some of the strong networkers/opticals are looking like they are breaking down. there is the first gap on nasdaq off the bottom that may provide support, but i don't think we will hit a bottom until everybody is loaded with puts and short, right now all i read is everyone trying to buy the dip and being unsuccessful for a month now. b

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