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: Jerry Olson who wrote (15901)	8/20/2001 8:30:53 AM
From: Trading Machine	Read Replies (1) of 52237

OJ, an OT question kindof... I am trying to educate myself on the art of P&F. I saw one of your posts the other day where you use a combination of TA and PnF. I am comfortable with my TA but I also believe that you have a good mix that may help occasionally where just TA alone may be ambigious. Anyway, the question is, my TA shows a trend support line on the daily chart right at the low on Friday for OEX. NDX crossed and closed JUST a frog hair below its line. When I went to the PnF tools this weekend I see nothing but triple bottom break downs. Does the PnF stuff imply that we are going further down? If you know nothing else and just PnF, what does the triple bottom breakdown imply for the future? Or can you even draw inferences? Do you look for a run back up to the 50% area and short it? Or does it go on down from here? I got lots of questions. No hurry on the answer, just as you have the time and inclination. Thanks in advance, and super good luck this week. Paul K.

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