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: donald sew who wrote (5086)	4/15/2001 4:52:51 AM
From: Arik T.G.	Read Replies (1) of 52237

Donald, Well, the NDX got to 1700 and you got your class sell. Now the market is on an important crossroads. SPX 38.2% Fib from the Jan top is at 1196, just 13 points away. Naz made it to the 23.6% minimal correction and the 38.2% mark is 150 points away. As the S&P approached the Fib correction it also formed a nice ABC corrective move from the March low. If we turn down from here it could be the start of a new leg down on the SPX. If Monday is up then shorting the S&P around the 1196 level looks like a good idea, and also in line with your Class sell, but it could be a ST move in a larger move up, one in which the Naz is the stronger part of the market. ATG

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