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


To: Paul Shread who wrote (28894)9/1/2000 10:51:13 AM
From: John T.  Read Replies (1) | Respond to of 42787
 
Dollar down 1.33. The dollar may have put in a double top around 112.85. Here's the chart:

charts.quotewatch.com



To: Paul Shread who wrote (28894)9/1/2000 11:06:20 AM
From: James Strauss  Respond to of 42787
 
Unless COMPX can clear 4337, we do not have an uptrend in Fibonacci terms (above 62%). That said, I'm sure you've made some nice money here, so congratulations.

Thanks Paul...

4289 is the July top... 4050 was the point of crossing the March to July peaks down trendline... 4140 was the point of crossing of the May bottom to August peak trendline... While the purists will say that this isn't a trendline, it works for me... Bottom line... Every technical trendline and moving average (13 crossing 20), has been breached to the upside... This tells me that the 4337 Fibonnaci target you mentioned is within the crosshairs of the primary trend...

Jim