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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Lee Lichterman III who wrote (6521)4/30/2001 8:34:48 AM
From: AllansAlias  Read Replies (1) of 52237
 
re: GE
Regarding the 1994 line, I do not think the Apr 19 close counts as much of a penetration. This past week is the first solid close over the line. Regardless, much other technical damage was done along the way as shoen in the chart I posted.

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re: NASDAQ
Simple Brafoo chart of NASDAQ Composite to show what's at stake on the weekly:

geocities.com

It should want to stall. A push through 2250 would have me shaking my head at the power of the bull. For now, I think fading is the better bet.
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