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 (4201)	3/26/2001 6:41:30 PM
From: Trading Machine	Read Replies (1) of 52237

Great charts Paul, and good observations. Last Friday I had the NAZ on a daily break out, so its performance is disappointing to me. The DOW broke the diamond pattern, so I am still expecting it to hit my target of 8450, but like you and Don have said nothing goes straight down. gg I did a Fib retracement on it and it looks as if it could hit the 50% value of 9982 and perhaps turn south again if investors think it has rejected the 10,000 area. Just speculation on my part, I am still looking for a retest of our lows and it is common/normal for the second bottom to be slightly lower than the first. I am just trying to keep this in mind! Plus, NO ONE has proven to me that we are finished to the downside. I will treat this as a continuation of the bear until we break some, or all, of our weekly down trend lines to the upside. Thanks again for the charts, we hold your musings in high regard. Paul Kellam

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