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


To: Doo who wrote (37714)12/8/2000 4:57:50 PM
From: JRI  Read Replies (1) | Respond to of 42787
 
Sorry Jeff if you've already mentioned this, but do you mean that we will have a "stronger market" until the 14th, or that you are looking for further confirmation that last week was some sort of bottom?

I would think today confirmed something in that theory (short-term bottom in?)

Per the theory, are you anticipating a strong market next week?



To: Doo who wrote (37714)12/8/2000 5:15:00 PM
From: Paul Shread  Read Replies (1) | Respond to of 42787
 
The INDU hit its low and had its follow through day a long time ago. Hasn't really been the focus of selling on this latest leg down.



To: Doo who wrote (37714)12/8/2000 5:36:26 PM
From: John Madarasz  Read Replies (1) | Respond to of 42787
 
Jeff...

Unless I'm mistaken that would signify today as the "follow through" day as it is the sixth day from the low, and advanced more than 1% on greater volume than the previous session. These follow through confirmation days usually occur on the fourth to seventh day of the rally to validate the "follow through" status.

Of course the election could skew any indicators considerably here...

NDX support at 2550