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

To: Paul Shread who wrote (34763)	11/3/2000 4:58:53 PM
From: adcpres	Respond to of 42787

Paul, putting my faith on that wedge in that the NASDAQ has very little room to move on the open and betting that most of the short interest has been squeezed out on EMLX. I plan to be out of it on Monday profitable or not. Want to be in cash Monday night. GH

To: Paul Shread who wrote (34763)	11/3/2000 5:19:35 PM
From: John Carson	Read Replies (1) \| Respond to of 42787

Just going over some charts of the COMPX and QQQ, I see three different bearish formations: 1. Rising wedge in overall down trend coming to an apex right around the close on Monday. 2. Classic head and shoulders, first shoulder at 10/15, double top head at 10/23 and second shoulder at 10/28, then weird offshoot from second shoulder which is the ascending wedge that we are in now, seems end of the year bulls are trying to crawl out of the head and shoulders. 3. Third double top formation on COMPX since March at 3538 which is also apex of ascending wedge. When this all comes together early next week, where is it going to go, up or down, break this bear and break the NAZ? Thinking of buying some puts on QQQ on Monday as market creeps up until CSCO reports earnings. The charts are making it very clear that something will happen soon, seems to be a significant move to the downside. Could the NAZ break to upside? Maybe Nader wins election and we go up from here?

To: Paul Shread who wrote (34763)	11/3/2000 5:54:08 PM
From: StockOperator	Read Replies (1) \| Respond to of 42787

Paul and thread "I've never seen one break up that had this many touches on the upper trendline. I guess we'll know soon enough." You're right, and my bet we'll find out a lot sooner than later. I don't have any time to comment on today's trading. I need some time to look at the charts to assess the week overall. I did want to point out the trading in GBLX today. Check out the longer term view as well as today's volume. There falling like trees in a forest. Just one more piece of the puzzle. Look for my two cents some time this weekend. Regards, SO