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

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To: bobby beara who wrote (42675)2/22/2001 9:32:37 AM
From: Paul Shread  Read Replies (1) of 42787
 
That's funny. Yup, I was thinking of that yesterday, but was going to wait for a break of 2251 COMPX before eating some three black crows. <ggg> The lower low on the NDX would certainly seem to validate the wedge calls on that index. I'll be damned. It only appeared in the daily and not the intraday, and volume didn't seem to confirm it, but it sure worked out. Going to have to rewrite the book on that one. If we don't hit much lower lows, it might give some credibility to us disgraced non-wedgies (I think a measured bear move is probably a better target for a "true" rising wedge than just a 100% retracement), but it sure looks like much lower lows are coming at this point...
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