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

To: donald sew who wrote (28258)	8/23/2000 4:26:57 PM
From: Paul Shread	Respond to of 42787

I changed my opinion when the SPX bounced off 1490 - that created a bigger wedge beginning at 1425. Still not armageddon, but it does give us a lower target on a downside break of 1490 (1425). For Sept.-Oct., I'm wait and see. I need to see the SPX below 1390 before calling a bigger sell-off. Below 1390, I think we could go to 1200 or lower. I think the topping patterns on the Dow and S&P are big enough that we could go a few more months in this range, but I haven't printed out the weekly charts lately to measure where the apexes are...