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

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To: donald sew who wrote (37902)	12/12/2000 12:07:27 PM
From: Paul Shread	Read Replies (1) of 42787

SPX could either be forming an ascending triangle, with upside to 1450, or a rising wedge, with downside to 1300. Am tempted to go with the triangle, because the upper trendline of the wedge does not begin at the first reaction off the lows. wsrn.com NDX made a clean breakout of the inverse H&S, but it too could be forming a rising wedge off the lows. Will we retest the lows over the next month or so? It would be unusual for an inverse H&S to mark a bottom, and have the head be retested (right shoulder retests are far more orthodox). wsrn.com wsrn.com

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