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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Compadre who wrote (45081)5/28/2003 12:24:46 AM
From: bobby beara  Read Replies (1) of 52237
 
To:Chris who started this subject
From: jaime choy Tuesday, May 27, 2003 5:41 PM
View Replies (1) | Respond to of 45087

Last week I said that the short term trend may have changed (2w to 2m) The NDX violated the bearish wedge that was forming since march, but today came back within the wedge with some conviction>>>>>

so that still brings into question the market trend, we were at a point a week or so ago where the bear market should assert itself, huge bullish consensus from II, a break of the 20 dma, mcOSC break below zero, it looked like the bears were going to take control again, but they fixed it by doing the same thing the bulls did off the 2000 top, piling into the existing trend.

there is no doubt there has been a lot of fear and capitulation during the last three years, is it enough to take out the trading range to the upside?
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