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

To: donald sew who wrote (32413)	10/10/2000 2:40:37 PM
From: Paul Shread	Respond to of 42787

Some charts of interest: The Nasdaq seems to be finding support at a line extending from a congestion area from Sept./Oct. 1999: wsrn.com Also, is it possible that all the indexes could be forming large ascending triangles here, particularly the Dow and COMPX, which have clean double-tops? Dow is holding on a very nice trendline from April: wsrn.com I know you don't want to engage in bottom-guessing games, but a case could be made that May was the panic bottom, and now we're setting the stage for the next advance. If we are forming ascending triangles, we could be range-bound for a long time. Also, there is no need for another climactic sell-off if this is the case, because volume actually declines within an ascending triangle. And finally, SPX is right above its 1994 logarithmic trendline, a level it held in 96 and 98: wsrn.com