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


To: john rieck who wrote (32804)10/12/2000 10:13:03 PM
From: Square_Dealings  Read Replies (2) | Respond to of 42787
 
<<the diamond is now back in play and what the downside target would be if it is? >>

first target 9000 , technical target from the break of the diamond pattern is 7800

home.att.net

M.



To: john rieck who wrote (32804)10/12/2000 10:13:19 PM
From: Paul Shread  Respond to of 42787
 
It's very much still in play. If you look at the way the market traded in recent weeks, it definitely seems to have acted like it was still there. Minimum downside called for would be 8600. It's pretty easy to figure out - a 2000 point move based on the size of the consolidation (9700-11,700), from the 10,600 breakdown point.

wsrn.com



To: john rieck who wrote (32804)10/12/2000 10:17:09 PM
From: Saulamanca  Respond to of 42787
 
Ed Downs says:
Diamonds typically drop an amount equal to their height, which forecasts an ultimate bottom of something like 7,800.

signalwatch.com