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

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To: AllansAlias who wrote (6520)4/30/2001 1:23:54 AM
From: Lee Lichterman III  Read Replies (2) of 52237
 
Not sure. I drew out the 94 trendline and assumed you were using the October 98 low for your line. If so, I show we broke back above that line on April 19 then fell back below again and are now breaking above again. So many violations may weaken that support and make it negligable now that it has been broken, retaken, rebroken and now retaken.

As I said, I don't know but I wouldn't bet on it with so much of my stuff saying the top is near. Now I will also grant you a move from 50 to 54 isn't a bad take as long as stops are in place and it does indeed make it to 54 but that is a big if. -gg-

What I want to know is where are the QQQs going? Top out early next week, fill the gap around 41-42 then up to 52? Or top out on Heinz 2 May turn date and crash back to the 30s? All of the above? -g-

Good Luck,

Lee
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