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: Terry Whitman who wrote (3907)	3/23/2001 9:25:23 AM
From: Paul Shread	Read Replies (2) of 52237

Go back into hibernation, Terry. <ggg> If that NDX upper trendline at about 1750 is crossed (see chart below), then this rally could have legs. So far the NDX PMI (or is it PMS? -g-) is indicating an opening under that line. It's possible to draw that trendline a little lower, but that upper trendline has four touches on it now, so it's pretty significant resistance. It's a potential bottoming pattern if it's a falling wedge, so that line is pretty important, IMHO. The SPX also needs to get above 1130 too. Got a little too deep into mid-1998 levels for my comfort. I want to watch this one for a few days; broke enough support that follow-through to the downside is a possibility. cache.wsrn.com It's good to see commodities rallying; I've been leaning toward the deflation camp lately. Funny that not too many people are worried about that this time.

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