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

To: Paul Shread who wrote (28226)8/23/2000 10:50:57 AM
From: da_cheif™  Read Replies (2) | Respond to of 42787
 
Paul....they lefta gap at the opening and theres 4 left open all the way to 1570....the wedge is soo well known that todays break shud be a trap...pc ratios...dj 969% comb indexes 67% the cash is strongern do do....



To: Paul Shread who wrote (28226)8/23/2000 4:12:03 PM
From: donald sew  Read Replies (1) | Respond to of 42787
 
Paul,

>>>> I've got downside on this move to about 1450-60 on the SPX. The wedges broken weren't that big.<<<<

Yep, as mentioned in this mornings update those wedges arent that big, so I agree with your targets. Nothing big. Now is that that target for this specific short-term downswing or for SEPT. If that is as low as it gets in SEPT that would be fairly bullish. On the other hand if it get that low quickly the selloff in SEPT could be lower.


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