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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: TechTrader42 who wrote (8170)5/30/2001 10:57:16 AM
From: Paul Shread  Read Replies (1) of 52237
 
I'm not sure we can call a break just yet; I haven't seen a firm lower trendline (three daily touches) form on anything yet. Barring a clear trendline break, I don't go psychobear unless we break 1200 SPX or 2000 COMPX. That said, just about all the index support that marked a potential bottom is shot at this point (necklines and downtrend lines). A tough one to call, IMHO, and could still turn up, similar to last July/August.

If this is a wave 4 up or the bear rally before phase 3, shouldn't it last as long as the May 25-Sept. 1 rally a year ago?
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