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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Lee Lichterman III who wrote (28881)1/30/2002 3:17:36 PM
From: TechTrader42  Read Replies (1) of 52237
 
Look at the previous lower Donchian level for the SPX around 1117. That level goes back quite a ways, too. There might be some fun there for shorts. With the Dow there's resistance from 9711 to 9736. With the Naz, 1918. Donchian channels are just support and resistance lines based on 20-day highs and lows, but they're very helpful.

Your shorts might be OK longer term. The downtrend might last a couple of weeks. Sometimes it might even pay not to watch. But who can say? The ole nerves force one to keep one's eyes glued to the screen, unfortunately.

Sure is easier to look back at levels with the new eSignal prebeta. The program runs like a charm. The best thing about it is custom indicators. The CI's are now in my eSignal charts. Don't know whether that'll help much. Like everything else, they'll probably just lead me astray.
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