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

To: dennis michael patterson who wrote (32065)10/5/2000 9:34:16 AM
From: donald sew  Read Replies (1) | Respond to of 42787
 
Dennis,

As you know, Im not one to make the big call due to my belief of the low probability in doing such, not to say that was that huge of a call either.

I will say that in light of the recent negativity the probability of at least a retest of the MAY LOWs is significantly increasing, and if I had to guess it has a better than 50:50 chance of occuring.



To: dennis michael patterson who wrote (32065)10/5/2000 9:46:48 AM
From: Paul Shread  Read Replies (1) | Respond to of 42787
 
To look at the COMPX another way, it could be a 700-point rectangle (another reason I don't put much faith in double tops and bottoms; they're usually rectangles or some other pattern). Therefore, the break below 3521 could carry the COMPX to about 2750, or 3521 minus the 768-point consolidation. Interesting to note that we retraced to the lower boundary of that rectangle pattern yesterday.


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