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: Lee Lichterman III who wrote (5780)	4/14/2001 10:27:55 AM
From: JRI	Read Replies (1) of 52237

Lee...let me clear....I am not saying that the entire up move can't make it to a 50% retrace (of one of the down moves)...and get to 2200 COMPX or higher.......I just have a difficult time seeing the COMPX get thru all the resistance between 2000-2100 right now- in one shot, without some sort of significant retrace (150-200 pts. at least) of the upside since 6 trading sessions ago.... I would expect the retrace to begin sometime before Wednesday, and maybe as early as Monday afternoon...depending on how much up we have on Monday.. It wouldn't surprise me to see the "powers that be" gap this above 2000 at the open Monday...

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