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

To: John T. who wrote (25519)	7/17/2000 6:37:01 AM
From: Jerry Olson	Respond to of 42787

Hi John thanks for the comments.. i only use Daily charts for entry and exits of all my trades and reads... then work my daytrades off the 5 & 15... i do not use wave analysis....more Point & Figure, with Candles...strickly chart reading, with out the noise... i do believe in cycles..as i follow closely Chuck Carpino for short term movements in the markets direction... all i know he sees a short term top and then a reaction off that top...between 29-39 SPX points down from what ever the top will be... based on that pullback I will determine when and what i trade later this week... we have had the best 2-3 weeks in months on the long side since the FED and eco reports are very bullish on down the road... anyway..does not matter how we interpret the moves, or what we use...just so we can trade it and make money.. regards OJ

To: John T. who wrote (25519)	7/17/2000 9:50:10 AM
From: Chris	Respond to of 42787

wonderful charts.. i was busy with a wedding this weekend.

To: John T. who wrote (25519)	7/17/2000 10:03:26 AM
From: Paul Shread	Read Replies (1) \| Respond to of 42787

John, I've been following the bearish wedge on the SPX too, except that my read on it is a little more bearish than yours, so I could use a reality check. I see it as starting with the right shoulder of the reverse H&S just under 1440; hence, a 100% retracement would take us below 1440, and quickly at that. I should add that the Nasdaq is forming a bearish wedge in the weekly chart since bottoming at 3042; almost invariably a bear market formation. That would seem to indicate that the Nasdaq will ultimately go much lower, IMHO. In the 60-minute chart, the Nasdaq seems to be forming a rounding top here. Paul