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

To: Joseph Waligore who wrote (28957)	9/3/2000 10:13:03 AM
From: donald sew	Read Replies (1) \| Respond to of 42787

Joseph, Actually, I have the NDX closing slightly above the wedge. If it pulls back somemore and closes below that upper trendline then the upper trendline needs to be redrawn, but for now its a close above it. The wedges in the DOW and SPX are clearly still intact. So is this a hint of SECTOR ROTATION from the DOW into the NAZ where the SPX will straddle somewhere in the middle of the 2, or will the NDX pull the DOW up or will the DOW pull the NDX down if the DOW WEDGE is resolved to the downside. Until the wedges of all 3 indices(DOW/NAZ/SPX) are negated to the upside, I cannot ignore this wedge. That doesnt mean I will initiate new short positons either.