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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (1639)	4/13/2000 1:27:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 2103

I mentioned Pesavento's 2nd favorite pattern is the butterfly. His first is the gartley 222.... A possible Gartley 222 pattern is forming on the SP 500 cash index. This is a bullish formation with a fairly low risk (in a risk:reward ratio sense) entry. As I said it is a "possible" formation and has not completed yet but does look quite likely. Looking for a move down to 1390 area on or around next Wednesday. This area also has good magnet support which I like. The buy signal is a end of day bottoming formation (I prefer candlestick formations) with a stop below point X. Chart relating to the above can be found here: geocities.com Here is a little article written by Pesavneto to give an idea on his lean: moneymentor.com ht Mag