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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: donald sew who wrote (11003)7/5/2001 12:22:04 PM
From: Arik T.G.  Read Replies (3) of 52237
 
Donald,

So far the NDX doesn't pay too much respect to the 1785 multiple support. Yet the Naz look better then the NYA.
I found a narrow but yet totally legitimate island formation between the 6/13 gap down and 6/28 gap up, and the NDX just closed that open gap and is ready to continue up if it has the urge for it.
OTOH the S&P and NYA look bad, and should make a good recovery before the close (if they can) to avoid a small avalanche. If all we can manage from here is a flat intraday correction and a weak close then the S&P H&S will take charge and send us much lower.

ATG
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