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

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To: Paul Shread who wrote (5145)4/5/2001 3:28:24 PM
From: Trading Machine  Read Replies (2) of 52237
 
TRADE: FMAGX > CASH RESERVE 100%

Yeah Paul, with a closing marabuzo today I will expect some selling tomorrow. It may be the middle day on Don's three day patterns. I have a daily down trend line on OEX that we are whacking our heads on exactly and precisely. It starts back on 1/31 and hits the tops of 4/2 among others. We may go right through it tomorrow, but we have consistently refused it in the past and if we go through it tomorrow I will treat it like a break out and go back in as soon as the 60 chart gets back to the bottom again.

I may miss a few bucks tomorrow but I appreciate the one day 5% move and I will put it in the bank.

On the NAZ I have a down trend line in the 1550 area, and again it may blast through it but since I can only trade at the end of the day I would anticipate some up tomorrow and as the talking heads put it "a little profit taking"! gggg

Hope this helps, good luck and make a million!

Paul Kellam
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