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

To: adcpres who wrote (34677)	11/3/2000 9:34:30 AM
From: Paul Shread	Respond to of 42787

GH, I've got the NDX wedge apex quite a disatnce from here; they typically break anywhere from 2/3 of the way through all the way to the apex, so we could break in the next day or two, or it could go on for a week, possible more. The following is a daily chart: wsrn.com The interesting thing is picking a downside target: if it's a wedge, 3000 is the downside target; if it's a pennant, 2800 is the target; if it's an H&S, 2500 is the downside target. The Dow traced out a similar pattern last month and chose the H&S measurement. FWIW, 2500 would trace out a measured bear move on the COMPX: the decline from 5132 to 3026 was 41%; a similar decline from the reaction peak of 4289 would gives us 2530. I believe 2500 is also the '94 log trendline.