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: Paul Shread who wrote (6977)	5/4/2001 10:12:56 AM
From: Magnatizer	Read Replies (2) of 52237

Paul Actually I was more focused on the horizontals when the SP was down in that area: This is my commentary from early in the year: 1.07.01 commentary: SP 500 is sticking to 1300 here and it must hold If it does so the upside target starts at 1360 (quarter zone) then 1420 (very important neutral zone) and 1480 (quarter zone) would round out the upside targets for the coming 3-6 months. Longer term target of 1539 (regular mag). If 1300 holds I foresee a year of trading between 1360-1480... very much range bound. If 1300 is lost the downside targets start at 1266 (neutral zone) then 1231 (weak mag). If these fail the downside gets very nasty... 1155 (quarter zone), 1080 (neutral zone), 1004 (quarter zone) and 932.2 (regular mag). If the lower areas are tested (1155-932.2) the key will be the reaction of the SP 500 to the 1080 neutral zone. If it holds well it is signaling a likely return to 1300. If it fails the view shifts to 932.2. 3.18.01: No immediate bounce off the 1155 quarter zone sent a strong signal of a move down to test 1080 neutral zone and likely 1004 quarter zone. Currently I guesstimate a 80% chance of 1080 test and a 60% chance of 1004 quarter zone. This view would be negated with a move up through 1231 horizontal. See the yellow highlighted commentary for notes on 1080 importance. As the 1080 neutral zone was VERY supportive I am awaiting the trip to 1300. As far as the trendlines go I recommend using the Support and resistance spreadsheet in order to get the actual values. Metastock has a way of "bouncing" longer term trendlines so they do not show where they actually are. I also give the anchor dates for the magnet trendlines in the S&R spreadsheet so if one is so inclined they can plot the lines on their own charts. geocities.com ht Mag

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