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 (42259)	2/8/2001 7:42:48 AM
From: JRI	Read Replies (1) of 42787

If I'm reading your charts right, it looks like we re-enter the former channel if we go above 2645 (approx.) on the Naz, and 2460 (approx.) on the NDX....is that correct? I am assuming, then, you are looking for those levels to provide resistance here to any up move.... Given the breakdown of the wedge, wouldn't one expect a failure then (perhaps at these resistance levels), and further downside to...perhaps a 2nd fibo level (yesterday we did 50%)...in the next couple days, 61.8%? What level would that be? To me, that makes sense, for then it would likely trigger a CLASS ONE or TWO buy signal on Naz, and would have given Dow a couple days to rest...(and maybe they can pull together for a while then).. Thanks in advance for any answers...

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