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

To: shamsaee who wrote (28266)	8/23/2000 7:07:42 PM
From: donald sew	Read Replies (1) \| Respond to of 42787

Shamsaee, >>>> I also saw the bigger triangle but was not sure if there was a time frame limit as far as it still being in play. <<<< I too dont know which one is the right one for sure. Im more inclined to say the larger one is the correct one since the NAZ could break above the smaller one as soon as tomorrow, but still be below that important 4300 horizontal resistance. I feel that the 4300 resistance is more important is that a break above such would also negate the possible Head and Shoulder formation. So if the NAZ was to get to the trendline of the bigger triangle around 4400 for tomorrow that would mean that the NAZ broke above the important 4300 resistance. >>>> Looked at a lot of stuff and on the oscillators they look overbought unless this is the start of a major new trend. <<<< Yep. If it is a major new bull trend then the oscillators can stay in the overbought region for extented periods of time as it did late last year. seeya