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

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To: donald sew who wrote (41866)	2/1/2001 6:17:03 PM
From: Doo	Read Replies (2) of 42787

I have a couple of question about this rectangle thingy you keep pointing out, don. :) The link you posted with last nights INDEX UPDATE not only draws rectangles with pretty strict adherence to intraday highs and lows, but it also says: "Rectangle pattern in an uptrend. The market goes into roughly a three week consolidation before it finds its resolve and pushes higher..." So, my questions are: 1. Why does your rectangle include a major overshot day? 2. Why is your rectangle only 10 trading days long, as of today's close as opposed to 3 weeks? 3. Why does your rectangle include a top which is not parallel to the lower line? 4. How reliable a formation have you found this type of rectangle to be in pre-saging a breakout to the upside in an uptrend that is but a few weeks old? And, on Paul's bull flag, I continue to see the lack of a 4th reversal for that formation (which is what I require) if you draw it with respect for the intraday highs. Appreciate your thoughts, and, of course, for all your work on this thread. Jeff

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