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

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To: Paul Shread who wrote (41990)	2/5/2001 10:52:22 AM
From: donald sew	Read Replies (6) of 42787

Paul, >>>> Agree with you on "faux" wedges, Don; I haven't seen a single perfectly formed wedge on this advance, <<<< What really surpises me where so many are calling this RISING WEDGE a BEARISH WEDGE is that its breaking an important rule where its just not rising on declining volume. This is just text-book stuff. Im not saying that Im 100% sure that the NDX cant go lower, but an just saying that Im surprised how some are just ignoring basic rules and then hold a firm position rather than a position of uncertaintee. Keep in mind, before I get blasted by some, that I am specificly speaking about the rising wedge without declining volume, and not other issues. So Im not questioning those who expect the NAZ to go lower on other issues, just questioning the quality of the analysis where one is making a strong negative conclusion mainly on the rising wedge.

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