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: Chris who started this subject	12/4/2002 11:34:35 AM
From: Henry J Costanzo	of 52237

Re the pullback projected in my post of Dec 2,, we have now reached support areas provided by 20-day SMAs and Nov 6-7 highs - which generally marked the more recent upside breakouts.......At this point, given extent and duration of post-Oct rally, I would be looking for at least about a .38 FIB retracement of the Oct rally. ..That would take us into support from 50-day SMAs and the Nov 11-13 lows. Puttting some rough numbers on this, FWIW, I'm now looking for around 8250/8300 DOW, 1350 COMPX, 875 SPX, and 300/310 SOX.........(after which, reassess).........

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