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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: donald sew who wrote (12033)7/18/2001 2:21:27 PM
From: Paul Shread  Read Replies (2) of 52237
 
Hi Don, Since yesterday's open, I see either a head and shoulders or a bear flag breakdown that seems to imply a 1600 target on the NDX (a similar pattern on the COMPX). Since the 11th, we may have formed a bigger bear flag that broke down today that would imply a duplicate of the move down from July 2.

Here's the possibilities: cache.wsrn.com

I could be wrong, obviously, but based strictly on the charts, I don't see a reason to get long unless we get a real wash out this afternoon.

Edit: I can see the case for the falling wedge. Need to touch and hold that lower trendline:

cache.wsrn.com
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