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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (22110)10/19/2001 11:27:00 AM
From: donald sew  Read Replies (2) of 52237
 
Paul,

If the NDX/NAZ closes a bit lower and closes at its lows, I could get a CLASS 1 BUY SIGNAL as early as MONDAY/TUESDAY. Got to see how it closes first.

Not predicting, but if the NAZ/NDX closes flat today and if there is a DOWN GAP on MON, that would create another ISLAND REVERSAL, but this time it would be an ISLAND TOP. If that was to occur that would really make it tougher, since do we stick with the ISLAND BOTTOM that was formed previously. No expert on ISLANDs but would guess that ISLAND BOTTOM should still be in effect unless the lows of that ISLAND(SEPT 21) are broken to the downside.

Just stated a hypothethical senerio of we do get an ISLAND TOP. Makes this market interesting(understatement) ggggggg.
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