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

To: donald sew who wrote (32255)	10/6/2000 5:35:24 PM
From: Nancy	Read Replies (1) \| Respond to of 42787

Don, please elaborate some on the top-top and top-bottom cycles and may be examples ? thanks.

To: donald sew who wrote (32255)	10/9/2000 9:51:09 AM
From: Paul Shread	Respond to of 42787

Some trendline observations based on the monthly charts: First, a quote from Edwards & Magee, offered in reference to finishing back near the NDX and INDU October 98 trendlines after breaking them on Friday: " ... do not be stampeded into a hasty commitment by the shakeout move which cracks down through a trendline with a great flurry of activity – perhaps several minutes of late tape – and then turns up again to close the day back above the trend or very close to it. This may very well be – in fact, usually is – a false move so far as that particular movement is concerned. But watch the next few days' performance very closely; the technical situation is evidently critical, else a shakeout could not have been easily staged." Obviously, the next important arithmetic trendlines, the Nov. '94 lines, are a long way away (except on the Dow, where it's about 9500), so I took a look at logarithmic charts and came up with the following '94 trendlines: SPX, roughly 1380 (interesting, because the break of the 1420-1460 rectangle would call for a return to that level); Dow, broken at about 10,850; and COMPX, roughly 2750 (interesting, because the break of the 700-point trading range at 3500 would predict a move to 2800). All offered as observations only.