Stock Attack -- A Complete Analysis Message Board

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

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To: JRI who wrote (38373)	12/19/2000 9:59:28 AM
From: Paul Shread	Read Replies (3) of 42787

A lot of good observations on this thread. I have only one point to add: look at a COMPX price/volume chart over the last two weeks and compare it to the last sizeable consolidation in the 3000-3500 range. Better quality up moves and volume patterns this time; just looks a whole lot better than the previous consolidation. I was calling for 2500-2800 when we were in the 3000-3500 range. I can't see that happening here. I don't expect us to take off from here; a trading range between here and 3000 is the most likely scenario I see at this point. Don't think yesterday was quite a bearish engulfing, because we didn't take out Friday's lows.

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