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

To: Casaubon who wrote (32956)	10/15/2000 12:30:34 AM
From: Berney	Read Replies (1) \| Respond to of 42787

Cas, Now that's an interesting target! SPX 1421; not 1420 or even 1422, but 1421. Sadly, I think I even understand. From my humble perspective, the issue is not up, but where it stops. There is the Primary down trend line ~1385 and then the Secondary down trend line and horizontal resistance ~1410. Let's not forget the Fib minimum retracement ~1404. If it breaks thru all that stuff then it encounters your number. And we got all those folks saying "Please God, get this back to what I paid and I'll never buy another stock!" Overhead resistance sucks! There were clearly some non-believers on this thread that Friday was real. Those bullish engulfing candles tend to destroy the shorts. Unfortunately, I believe that the Market is a pawn in the Wag the Dog game. I also believe that it is an international game. There is a unique danger and reward for playing in this environment. I'll just say that there is little that Clinton stands for that I would support. Nonetheless, he is a Master politician and to doubt that he would create the best scenario for Gore is naive. Taken in this context, the current events are interesting to watch. Berney