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

To: shamsaee who wrote (28261)	8/23/2000 6:23:55 PM
From: donald sew	Read Replies (1) \| Respond to of 42787

Shamsaee, >>>> ...if you take the july high and and draw a trends line through the highs and take the july low and draw a trends line through the lows, do you see a symmetrical triangle or am I mistaken. <<<< You are correct about a symmetrical triangle. Symmetrical triangles normally break in the direction of the trend. Depending on which junction points are used, there are 2 possibilities where the downward trendline is either at 4000 or 4475. Using the 4000 line the APEX would arrive towards the middle/end of SEPT, and if we use the 4475 line the APEX is much further out. Keep in mind that within that symmetrical triangle there is also a HEAD and SHOULDER developing which implies that the break could be to the downside of this large triangle. The HEAD and SHOULDER remains intact as long as the NAZ stays below the 4200 range. I would not turn somewhat bullish on the NAZ until the 4289 peak of 7/17 is broken to the upside. If/until that occurs I feel that the NAZ as with the DOW and SPX are just in a trading range.