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: Trading Machine who wrote (18044)	9/7/2001 10:05:51 AM
From: donald sew	Read Replies (2) of 52237

Trading Machine, >>>> but if this is the second major bottom, didn't you say that it is common for the second bottom to be lower than the first? <<<< If you are refering to double bottoms, it is common for the retest(second bottom) to be slightly below the first bottom(APRIL LOWS). Now the key as to whether it is a DOUBLE BOTTOM is if the index can rally enough to set a local HIGHER HIGH. So for the NDX it would need to break above the previous peak 8 days ago around 1600. If it cant set a HIGHER HIGH, then the downtrend is still intact.

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