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

To: Richard Ruscio who wrote (24842)	7/4/2000 8:46:35 AM
From: donald sew	Respond to of 42787

Richard, Although Im confident that the eventual break of this tight trading range will be to the downside, there is always the chance that it could break upwards. Im not saying crash, just that the first move to break the trading range should be to the downside, then we need to see how strong that down move is to help get clues as to how strong the subsequent rally should be. Theres the other possiblity that this trading range just continues, but that is less likely since the DOW is nearing the APEX of the DESCENDING TRIANGLE. Another thing to watch is if the DOW breaks the UPPER TRENDLINE of the DESCENDING TRIANGLE to the upside. If that occurs I will need to switch quickly to the long side. So Im leaning more to the downside, but would not ignore the possibility of a break to the upside. As for an IRA account, the only other way to play the downside is to hedge good stocks to with covered calls. seeya