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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 3:23:27 PM
From: TechTrader42  Read Replies (1) of 52237
 
Have you noticed the double head & shoulders in the Naz daily chart? It's a dead duck. Also in SPX's chart.

Based on the double H&S in the Naz, I think I'd look for the possibility of a bounce to around 1934, and then a move lower. With SPX, possible bounce to 1117 or 1119, based on other side of shoulder. Also these numbers are based on possible retrace back up yesterday's downbars.

But whatever. S'all guessing. Looking for order in chaos. All my predictions are subject to hasty revision.

Even if the targets aren't hit today, there could be another couple of volatile days ahead, in which those levels would get tested. Of course, then again ....

ST Naz CI: 62.264
MT Naz CI: 62.264
LT Naz CI: 93.447

ST S&P CI: 51.519
MT S&P CI: 51.519
LT S&P CI: 88.798
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