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

To: Paul Shread who wrote (35291)11/10/2000 12:44:20 PM
From: donald sew  Read Replies (2) | Respond to of 42787
 
Paul,

>>>> I redid the NDX wedge in the daily chart and came up with an apex in late December/early January. That gives a two-thirds point of about Nov. 27: maximimum downside at that point is ~2850, and the break should occur to the upside at that point around 3250 <<<<

That NOV 27 date is only a week after my MID-TERM CYCLE LOW of NOV 21 and right in line with LEEs CYCLE LOW. Its falling in line. What, of course, could skew things is the RECOUNT, which could extend the duration to apex of the wedge as you mentioned(late DEC/early JAN).

seeya



To: Paul Shread who wrote (35291)11/16/2000 1:35:16 PM
From: JRI  Read Replies (1) | Respond to of 42787
 
What do make of this extremely low volume?...especially if we hold 3000 (higher low)...doesn't seem to be a lot of selling here- just a lack of buying...which would make sense given the election turmoil...

And, would, I think, favor the bull case that we are reaching bottom somewhere from 2850-3000...


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