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: dennis michael patterson who wrote (48791)	4/20/2004 2:06:05 PM
From: Michael Watkins	Read Replies (1) of 52237

One of the reasons I am cautious is that the S&P is at the defining line between support and resistance. trendvue.com I don't see the Nasdaq going up much more if the S&P can't conquer this area. And if not, then I expect a quick 15 points of downside and a test of the rising wedge. And then? Who knows, we'll decide then. Much lower though... and a 100% retracement of the March 24 lows becomes somewhat more likely. I guess that is the "surprise" move since most seem to feel it can't happen. Don't care myself... flat but finger on the trigger.

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