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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Michael Watkins who wrote (853)2/23/2001 2:58:05 AM
From: StockOperator  Read Replies (2) of 52237
 
Mike,

Thanks again. I'm doing the same thing that you are doing. Playing out all the possible scenarios in my head. It's nice to see your ideas on paper. The 1900-2100 level (roughly) for the COMPX appears to be major support. Considering we are pretty close to being there already, my guess would be a significant break of that support possible to the 1500 area or lower. I would hope that that would wash out many of the players still on margin as well as giving us the negative sentiment to build for our next run up. Of course at the bottom we would need to reverse and climb back to the level we're pretty much at today. Always just a guess.

Thanks again for the charts.
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