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

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To: AllansAlias who wrote (85)2/12/2001 2:21:49 PM
From: Michael Watkins  Read Replies (2) of 52237
 
I suppose I shouldn't make any comments on this subject, but in the interest of friendly discussion and I emphasis, friendly (given version 1 of this thread) - I must say that I find any line drawing methodology that chooses at times to take into account the Close vs the Low/High, and at other times not, is a bit vague.

I also missed the Fed announcement that they were watching that line and lining up the defenses. ;)

For a lark, we could draw a similar line on the NYA and see where it might head to if it were to correct in a similar manner. Its not touched in eons, so I guess its due. <g>

However, I'm just a trader. Mind you this trader was out of tech longs on a long term basis in early 2000.

BWDIK!
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