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

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To: Paul Shread who wrote (31984)10/5/2000 1:46:46 AM
From: Dan Duchardt  Read Replies (2) of 42787
 
Paul,

I took a look at those lines myself today, and again more carefully this evening. I have a trendline editor that lets me type in the numbers, and I think I can read the extrapolations to within 10 points. I could do a bit better if I counted days, but 10 pts is close enough. Not only are the 10/98 lines coming into play, there are also lines from the lows in late 1999. Here's what I got:

NDX today's low = 3292
10/08/98 1063 to 5/24/00 2897 ==> 3305 today
10/18/99 2300 to 5/24/00 2897 ==> 3260 today
(No 08/10/99 line for NDX because Oct gives a steeper line)

COMPX today's low 3383
10/08/98 1357 to 5/24/00 3043 ==> 3415 today
10/18/99 2630 to 5/24/00 3043 ==> 3290 today
08/10/99 2442 to 5/24/00 3043 ==> 3320 today

In both cases there was a bit of penetration of the 10/98 line before the bounce.

Dan
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