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


To: Paul Shread who wrote (36993)12/1/2000 3:58:07 PM
From: Daveyk  Read Replies (1) | Respond to of 42787
 
NDX PnF target 2100 which looks too low.Thoughts?



To: Paul Shread who wrote (36993)12/1/2000 4:12:52 PM
From: donald sew  Read Replies (3) | Respond to of 42787
 
Paul,

Although there is now MORNING STAR, another bullish candlestic formation was made. Its an imperfect TRISTAR, not as reliable as a MORNING STAR, but at least its bullish.
I wouldnt go hog-wild with it, but its some hope for a small rally on the wall of worry. Im only talking short-term, since I dont think the MAIN BOTTOM has been set yet either. Also, I never got CLASS 1 BUY signals on a closing basis yet, only intraday which is not as reliable.

One other negative is that the minimum requirement for the intraday CLASS 1 BUYs on the NAZ/NDX have already been fulfill at todays intraday highs when the NDX was up almost 170 points.

Paul, is this the wall of worry, or the begining of a new down leg(up leg lasting about 1/2 day).