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

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To: donald sew who wrote (5422)4/10/2001 9:05:45 AM
From: Terry Whitman  Read Replies (2) of 52237
 
Interesting patten on the NH-NL chart. There has been a decreasing net difference in NH - NL over the last month or so: stockcharts.com

Draw a line off the tops of the green bars and another off the bottoms of the red ones, and you've got a pretty 'decision triangle' coming to a point within the next couple weeks.

On the NYA chart, a break above 600 (which should coincide with a break up from the NH-NL triangle) may send the index back up towards the top of the trading range (670 or so) for a 10-12% rally. Am I reading this right?
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