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

To: Paul Shread who wrote (28856)	8/31/2000 9:29:59 PM
From: bobby beara	Respond to of 42787

Paul, half-empty half full, who cares letz just be on the right side, run with the bears when de runnin, run with da cheif's when his guiz are going ga ga -g- stockcharts.com[L,A]DACLYYMY[DE][PB50!B200!F][VC60][IUB14!LA12,26,9] Elder talks about sentiment polling and trendlines, sometimes drawing trendlines thru intraday price swings or during emotional times in the market includes the worst and most emotional traders, the fringe. on the ndx draw a trendline off the double bottom in january, thats ur H&S patternz neckline, we had a couple of panic balloons below that neckline in april and may, who drove it below the neckline, ur legions of major dummo's wit new etrade accounts and margined to the hilt buyin da new ekonomy at the top -ggg- of course since the sentiment was so rich it caught a lot of big money at the top too. i did mention the failed H&S pattern on this thread in early june after we gapped up on the holiday, and thats what we have look at the tail spike in early august, it filled the gap and turned the REAL neckline from january into support, therefore smashing the bearishness of the pattern, it also cleaned out the very publicized brinker stopz, an emotional line in the sand. ok let's look at another pattern, ur wising wedge, we broke north out of that today, when a pattern doesn't work as it should, u better turn tail and go the other way, especially on 1.9 bill vol. ok another pattern, the triangle basis the march high and march low on ndx and the # of low volume low volitility daze that i mentioned yesterday into the pinnacle (look at crisco), today 1.9 bill share breakout. too many people expected another failure at spx resistance here an got outta da market, i believe that we had an e-wave on the spx triangle on the 28th, e-waves are famous for shaking out the last sellers before breaking out, i've been a dummo on the wrong side of e-waves, so i know -gg- the short side is the wrong side until the option traders put der seal of approval on this rally. b