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

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To: Electric who wrote (10296)	6/16/1998 6:53:00 PM
From: Chris	Read Replies (1) of 42787

* IBM CHART UPDATED ** geocities.com you'll see 2 ellipses. one is yellow and one is bluish.. this tool is used to track where the downleg/uplegs might touch. for example, the yellow ellipse told me that ibm would probably hit 113 as IBM fell from 125-130. worked perfectly. if you look at the bluish ellipse and the shadow represents a window on where prices might go. It says IBM will probably hit between 105-110 (notice the shadow, to represent the window). as we progress in time, the window will narrow down. also notice the FIB retrace levels. areas of support at 108 with the 61.8% retrace. current resistance would be 112 with the 50% retrace. anyone looking at the chart would have exited around 118-122. all the signals of downfall was there. again, classic example of: "the signals were there, but did you follow your signals?"

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