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

To: dennis michael patterson who wrote (36392)	11/26/2000 9:07:15 PM
From: donald sew	Read Replies (4) \| Respond to of 42787

Is the following a VALID BULLISH(declining) WEDGE on the NDX: LOWER TRENDLINE - lows of 8/3, 11/13, 11/22 UPPER TRENDLINE - highs of 9/1, 10/20, 10/23, 10/24, 11/7 Note: 11/6 & 11/8 did break above the upper trendline on only a intraday basis and closed below the trendline, so I consider them as overshoots. One strong arguement against this BULLISH WEDGE is the duration of about 3 1/2 months, which is a bit on the long side. The UPPER TRENDLINE is around 3050 on MONDAY. If it is a valid formation, the measurement is approximately 800 NDX points from the point of the upside break. Its a BIG BULLISH WEDGE if it is VALID.