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


To: Paul Shread who wrote (34092)10/26/2000 11:38:42 AM
From: StockOperator  Read Replies (3) | Respond to of 42787
 
Paul,

I believe you're right. My only hope is that 2800 holds. With stocks just beginning to fall apart out of their negative patterns the downside could be larger.

Personally, I hope it holds because I am bullish (positive) by nature. A position I think most Americans favor. So it would be nice to get this correction over with as quickly as possible.

If it was only that easy. The market always does as it pleases.

Good trading.

SO



To: Paul Shread who wrote (34092)10/26/2000 11:38:49 AM
From: Galirayo  Respond to of 42787
 
I think we may have to Break the 3155 ..

for more than 1 day if we see 2800 .. I'm still looking for Stability on the COMPX near this number .. and a bit of a Base.



To: Paul Shread who wrote (34092)10/26/2000 11:49:21 AM
From: donald sew  Respond to of 42787
 
The NDX got as low as 2991, so it is attempting a bounce off of the previous trough of last week. My short-term technicals are only in the lower midrange, approaching the oversold region. If the NDX continues down it would still take 1-2 days to get a CLASS 1 SELL signal, so there is still potential downside.

It appears that the NDX has a good probability of setting a LOWER LOW.