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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: dennis michael patterson who wrote (40514)1/9/2001 11:31:42 PM
From: NucTrader  Read Replies (2) of 42787
 
Ed Downs says:
>>In Summary:

As I said yesterday, we are in a
dangerous situation here, with
bearish consolidation patterns in
both the NASDAQ and OEX, and
the Dow sitting at the apex of its
Diamond pattern in the Weekly
Chart. We will go Long here if our
fulcrum levels are crossed, but I
see potential for a sudden, hard
drop any day now. Just be ready to
exit, and go with the flow if we
drop further below our fulcrums -
and especially if we drop through
critical support at 10,300 on the
Dow, 2,300 on the NASDAQ
Composite. <<
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