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

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To: Arik T.G. who wrote (11804)7/16/2001 6:01:25 PM
From: donald sew  Read Replies (2) of 52237
 
Arik,

>>>> , for the first time in a while there is a clear intraday impulse (EW "with the trend", the famous 5 wave move) pattern developing from yesterday's high on the Naz, today on the S&P, and it's down. <<<<

One of the patterns I have mentioned in the past often, for declines of greater than 7%, the probability is high for a retest. Whether the retest fails or holds, thats another issue, but normally theres a retest. I know, the rally off of the APRIL lows was V-SHAPED and heading to the moon. ggggggggggg
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