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

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To: 1podstock who wrote (21119)10/9/2001 7:50:53 AM
From: Paul Shread  Read Replies (1) of 52237
 
I believe the COMPX has outperformed the INDU since September 10; that seems to be continuing. It could just mean that the COMPX will now go down less than the INDU.

FWIW, John Murphy has 5 waves from March 2000 complete at 1357; he could be wrong about that, but everyone seems to think the COMPX is in wave 5 down (makes sense to me too), and should have a long countertrend rally when it is complete. For a count on the INDU, all I know is we could use a wave 5 off the May 22, 2001 peak; longer term, I couldn't tell you a thing about that one.
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