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


To: donald sew who wrote (29362)9/8/2000 1:28:47 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 42787
 
>>So I wont get bullish if we close slightly above the lows. <<
I understand your entire analysis, except this conclusion.

I would think it bullish if we close near the low(You stated earlier: " What is better is that the market closes at near the lows which improves the probability of a bounce on MONDAY after some intraday selling, rather than the bounce occuring on TUE.") What am I missing?



To: donald sew who wrote (29362)9/8/2000 1:29:04 PM
From: ken-l  Read Replies (1) | Respond to of 42787
 
donald re: the mkt

very interesting concept u got there !!! <G>

re: compx closing yesterday with hirami pattern ... without the follow through today !! since compx already printed the lower low in the day chart, it could possibly tank further monday ... my question is ... don, do u expect the compx to be bouncing from its 50% retracement or 61.8% retracement ?? but then again, wholeheartedly agree, it's all depended on how it closes this aft !!!

intraday retracements:
- 4059
- 4045
- 4034
- 4023

regards,

auto
ps. good call, don - congrats <G>