Stock Attack II - A Complete Analysis Message Board

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

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To: Paul Shread who wrote (998)	2/23/2001 5:27:26 PM
From: Michael Watkins	Read Replies (1) of 52237

I think it is likely that the move up probably will carry on for a bit, but my expectations of a longer term bottom are low. ottographs.com If it makes it to T1 on the above chart, then a higher high will have been set and the hunt for a higher low in longer time frames will be on. But despite being long, I remain skeptical. The most diabolical scenario I can think of is rally of SPX and NDX into the ranges up above, dance around there, draw more buyers in, and then a puke. That would be a more interesting outcome than a puke straight away on Monday. So all options are still in play. The daily charts are still in clear downswings, until Thursday's high is out, they remain so. ottographs.com ottographs.com Mike

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