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

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To: Paul Shread who wrote (34763)	11/3/2000 5:19:35 PM
From: John Carson	Read Replies (1) of 42787

Just going over some charts of the COMPX and QQQ, I see three different bearish formations: 1. Rising wedge in overall down trend coming to an apex right around the close on Monday. 2. Classic head and shoulders, first shoulder at 10/15, double top head at 10/23 and second shoulder at 10/28, then weird offshoot from second shoulder which is the ascending wedge that we are in now, seems end of the year bulls are trying to crawl out of the head and shoulders. 3. Third double top formation on COMPX since March at 3538 which is also apex of ascending wedge. When this all comes together early next week, where is it going to go, up or down, break this bear and break the NAZ? Thinking of buying some puts on QQQ on Monday as market creeps up until CSCO reports earnings. The charts are making it very clear that something will happen soon, seems to be a significant move to the downside. Could the NAZ break to upside? Maybe Nader wins election and we go up from here?

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