Stock Attack -- A Complete Analysis Message Board

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

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To: Paul Shread who wrote (42068)	2/6/2001 10:55:04 AM
From: donald sew	Read Replies (1) of 42787

Paul, The RECTANGLE in the XLK is intacted. Although they are not perfect candlestic patterns, it appears that the NAZ/NDX/XLK/BTK could be forming "MORNING STAR". Today those indices need to close with a white day near the intraday highs and cannot drop below the intraday lows from here on. Again, I am fully aware that they are not perfect formations, but should still have good reliability if the above conditions are met. Subjectively, Im getting the feeling that yesterday may be that trigger as mentioned in reference to the RECTANGLE. If in fact it was the last downside overshoot, this may the upswing that may have enough momentum to take the XLK above 38.5, which would also imply a higher high in the NDX. Not totally sure, first need to close positive.

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