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

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To: bobby beara who wrote (42389)	2/8/2001 11:21:43 PM
From: Berney	Read Replies (1) of 42787

bb, Don't bet the beanie dude! Propeller beanies are hard to come by. Bet the bank, but not the beanie. I enjoy the conversation about waves, wedgies, and flags, but I simply see a very heavy down trend line on the weekly NDX at ~2500. The secret to trading has simply been to buy far enough away from that line that you can reasonably expect to see it again. Further, I see a downward trading channel on the Q's with a target of about $58 in the a.m. If it breaks, then it would get interesting. Unlike Paul, I do see the INDU in a diamond pattern with the current channel at about 10500 x 11000. Time says that the apex won't arrive until the beginning of June, but when it breaks, the move can be huge. I like to watch OEX. With it below ~698, it ain't good. Today it was interesting to watch the Q's look like it was going to break out, but OEX was not confirming. It got ugly after that. JMHO, BWDIK and Just a View from the Swamp Berney

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