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

To: adcpres who wrote (32869)	10/13/2000 11:44:03 AM
From: Paul Shread	Respond to of 42787

The other thing to look for is a 90% up day. Could have one without the other. This ain't one.

To: adcpres who wrote (32869)	10/13/2000 11:47:14 AM
From: Paul Shread	Read Replies (1) \| Respond to of 42787

What were yesterday's intraday lows on the major indexes, anyone? Time to calculate the Fib levels.

To: adcpres who wrote (32869)	10/13/2000 11:57:32 AM
From: donald sew	Respond to of 42787

I will be closing the long position I opened yesterday(UOPIX) is the NDX closes near its highs, which would bring my cash back to around 73-74% and my upside bias would be reduced to about 5:2. As mentioned in my index update, I will attempt to close all of my unhedged long positions by next week, and may go firmly short near/after expiration. With the DOW now up 136, my short-term technicals for the overall market is only in the lower midrange/borderline oversold, so there is still potential upside. Once my short-term technicals are in the midrange/upper-midrange, I should be out of all my unhedged long positions. Hopefully it gets that high. Assuming that yesterdays lows were the short-term bottom, here are the next resistance areas for the NDX: 1) 3200-3235 - horizontal resistance 2) 3340-3360 - horizontal resistance 3) 3440-3500 - horizontal resistance 4) 3435 - 38% FIBONACCI level 5) 3600 - horizontal resistance 6) 3574 - 50% FIBONACCI level 7) 3711 - 62% FIBONACCI level The region with the most resistance appears to be in the 3450-3600 range.