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: Paul Shread who wrote (13611)	8/2/2001 2:35:48 PM
From: Arik T.G.	Read Replies (1) of 52237

So far the bullish scenario is playing out nicely. >>The classic bullish scenario is we break up from the small wedge today and from the big wedge on Monday, make it to 1750-1790 by Tuesday (making a higher high) then pull back to the broken line from above to around 1720. Message 16136743 However, it's August, one of the statistically worse months, and look what happened to the European markets today: Big outside reversal on the German DAX. USDollar is downhill, and economic data for the industrial sector is already worse then 1991. If Mr. market wants to turn down, making this break a false one (VIX does support a bull trap), then the current down move should be strong today and Friday. MSFT continues to look bad. Bot GM puts today. ATG Edit: Looked again at MSFT and its already better. Good thing I didn't state my opinion on GM chart :)

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