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: isopatch who wrote (6916)	5/3/2001 5:28:32 PM
From: Paul Shread	Read Replies (2) of 52237

Great chart, Iso. You're welcome to post more of those. COMPX may have formed an island reversal today; should be worth a retest of 2000, BWDIK. Heinz was saying he hasn't yet ruled out up into May 15 and then down, even though his May 2 turn appears to have arrived on schedule. Beware failed inverse H&S patterns - the NDX had a perfect one in November or December that even closed above the neckline by the required 2%, only to tank. I'd like more examples if you've got em; a whole lot at once would be worth paying attention to. Uptrends gone on INDU, SPX and COMPX today, but we had the same thing happen early last week. Will it be worth more of a pullback this time? Fundamentals are terrible, the economic weakness is spreading (today's non-mfg NAPM) ... I doubt the consumer's going to hold out much longer, BWDIK. If yesterday was a top of any significance, IMHO it would be very bearish, with the inability to take out the January bottoms and the main September downtrends. That's all from here.

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