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

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To: donald sew who wrote (31808)10/3/2000 11:29:03 AM
From: Paul Shread  Read Replies (1) of 42787
 
May change my call on the COMPX to a broken descending triangle, beginning around Sept. 22, with about 200 points of downside, or to about 3400, giving the COMPX a chance to form a new October 98 trendline (across May 3042 low). It's still forming a falling wedge, but did some damage to the initial boundary set yesterday. Either way, looks to me like the bears could run out of steam soon, since the angle of descent keeps growing less steep (the reverse of the Dow's top at 11,100-11,400).
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