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

To: donald sew who wrote (29180)	9/6/2000 4:18:57 PM
From: Paul Shread	Read Replies (1) \| Respond to of 42787

Very odd that the Dow keeps giving up much of its intraday gains. I think it's been 8 trading days since the Dow finished at its highs for the day.

To: donald sew who wrote (29180)	9/6/2000 4:39:11 PM
From: Peace	Respond to of 42787

Hi Don, NDX closed right around the 50% fib retrace level of the previous rally. I would expect to see a reversal tomorrow. Today's action was worrisome but not abnormal after a long rally. P/C ratio has climbed back to 0.54 from yesterday's .48. We are in the early stages of Wave 3 which will take us much higher. As I said in a post yesterday, the most this correction can go is to the 3750 area on NDX, but I suspect that we will rally tomorrow. Peace

To: donald sew who wrote (29180)	9/6/2000 5:04:32 PM
From: Paul Shread	Read Replies (1) \| Respond to of 42787

I can't see two days of selling on rising volume and ending at the lows stopping here. My "lines in the sand" are 3900 COMPX and 3800 NDX - the downtrend lines broken two weeks ago. The COMPX is right at a good place to bottom, the 50- and 200-DMAs, but I suspect this won't stop until those downtrend lines are hit.

To: donald sew who wrote (29180)	9/6/2000 6:35:36 PM
From: bobby beara	Read Replies (1) \| Respond to of 42787

Donald, the DJU is making a very clean five waves up from the june ABC corrective low and is overbought 73 14 day rsi and has gained almost 25% in the summer rally, not bad for dumpy ole utilities -gg-, also the dow may be forming the bobby beara mohawk formation with a bunch of candlewicks in the sky lately, this formation is good for a razor sharp haircut, sometimes a real scalp -gg- there is an interesting trendline study on the NYSE, if u draw trendlines off the nov 99 high and the march low and run em slightly thru the march high on the top and the late july bottom, let's say these were overreactions out of this wedgie, they come together into the narrow volitility range we had going into last week. is this wedgie a major top, or a continuation pattern? anyways the boring market shud get real interestin -gg-