Stock Attack -- A Complete Analysis Message Board

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

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To: Sonki who wrote (1198)	5/26/1997 11:31:00 PM
From: Chris	of 42787

Sonki: I've updated my Nike chart again. This time with S&R lines and trendlines drawn. I hope you won't get blinded. I've also drawn the "wedge, triangle, or whatever" in magenta.. geocities.com Try to look at one line at a time.. See how the price moves in reaction to the lines. If you look at them all together, you'll be confused right away. Notice the resistance lines at 60,63,65. Notice the support line at 55 (something like that). Notice the channels for each up rally and down rally. Hopefully, with the lines drawn, you get a sense of where price will move or stall. Looking at past history, is also wise. Any questions or corrections, please feel free to let me know. Chris

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