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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: jmac who wrote (5776)	2/5/1998 1:28:00 AM
From: Chris	Read Replies (1) of 42787

hi all, i expect the mkt to retrace .. djia should retrace to around 8044.. this was the previous high of 1/5/98 that we blew by.. this now becomes support since we are above that level right now.. this 8044 is also the position of my fork.. now, i have a different fork vs GZ's fork.. will fiddle around a bit later.. lots of subjectivity.. but then again, GZ's a master at forks <g> for the naz, it almost hit the upper fork line today.. i expect a reversal and and head to 1639 support. this support is chosen because of the strong resistance during the nov and dec of 1997 areas.. we shall see.. long term, we are moving higher.. but we're just pulling back from recent gains... again, i hope my explanations on "why" i chose the levels helps the reader see the reasons why.. and again, all subjective to the technician.. no hard set rules.. gonna relax tonight.. had a rough day today, but acutally hung out with my friends and stuff. gotta study as well..

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