Stock Attack -- A Complete Analysis Message Board

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

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To: AllansAlias who wrote (35442)	11/12/2000 9:24:53 PM
From: bobby beara	Read Replies (1) of 42787

excellent charts aa, especially those breaks out of the bear flags, thats why i was surprised that many on this thread seemed to be eager to buy fridays low. stockcharts.com[L,A]WALLYYMY[PB50!B200][VC60][IUB14!LA12,26,9] actually if you drop off the panic spike lows (sentiment anomaly - only bad traders got caught there) and draw a trendline up the 94 power alley on the closing weekly prices, the line follows the spx wedge fairly decently, with a break of the trendline right off the top. you can even draw a triangle off the rsi and show the break off the top, many bears have been pointing out the momentum divergence for well over a year now, but to yet it hasn't yielded the big reversal they've been looking for, maybe this is it.

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