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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (23894)	6/1/2000 10:58:00 AM
From: Chris	Respond to of 42787

sox below 1050 alert just went off.. spx has a downtrend line to take out. to draw, 3/24/00 high and connect downward.. can't miss it if long, tighten those trailing stops.

To: Gersh Avery who wrote (23894)	6/1/2000 12:06:00 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

Gersh, what happened with those NDX puts?

To: Gersh Avery who wrote (23894)	6/1/2000 10:31:00 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 42787

Gersh, The SPX 3-point downtrend line across the highs of March24, April10, and May16,17 comes in at 1445. The June futures show the same picture with the number at 1450. When we failed to break that level this morning, and started selling off just after noon, I thought the rally was over. We closed just above there on the end of day flurry, but it could hold us down tomorrow. Who knows. Above that the last peak at 1469 or (1470 on my charts) looks like the next level. Breaking that one would be a big deal I think. On May24 we made the third point of a long term uptrend line going back to the October low, with a touch on April14. This could re-establish as the prevailing trend if we break above that 1470. Dan