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: yard_man who wrote (9090)	6/14/2001 10:19:12 AM
From: Arik T.G.	Read Replies (1) of 52237

I'd like to see it trade at a new daily high (273.3 or higher)today. IMO the 273.6 resistance will not sustain another attack, and there is no material resistance above. This means another spike up after 273.6 crumbles and new supports and resistance would have to be found on the way. But if we start a series of lower highs that won't be nice IMO POG found strong footing at 268 level, and on the LT chart this higher low is consistent with the pattern after the bottom in '99, which suggests that the secular bear has expired. Take a look on a weekly chart and see a giant bullish wedge recently broken to the upside. ATG Edit: hey it looks set. last 272.8 . Now even 273.1 would break the ST pattern of lower highs. Go go gold. -g-

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