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

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To: Paul Shread who wrote (31980)	10/4/2000 12:55:24 PM
From: donald sew	Read Replies (2) of 42787

Paul, >>>> NDX chart link: wsrn.com Potential new 10-98 trendline forming <<<< Just took a look at that chart, and noticed that such trendline is inclining at the rate of about 10 points per trading day(225 points per month). Its an approximation from eyeballing it so I could be a few points off. Thats not very good. That means by early NOV that line will be close to 3500. I mentioned previously that on a statistical basis the probability is high that there will be some sort of retest if the decline was greater than 7%. Assuming that such holds true, that would imply that such trendline will probably be broken to the downside. Looks like the CLASS 1 BUY on the NAZ/NDX are working.

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