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


To: Paul Shread who wrote (37954)12/13/2000 1:03:41 AM
From: eddieww  Respond to of 42787
 
Ah, that's a relief. I thought that there was something else fundamentally wrong with my charting software. Yes, my compx and ndx charts seem to correspond with yours now and I can duplicate your "trading channels". On the compx it looks like the lower at about 2040 and upper about 3330, give or take a bit. (short eyeballs here)
I am not too sure how stable my drawn lines are with this software when I'm zooming in and out, or how stable I am at the best of times. -bg-

Anyway, those trading channels look like a very good point of reference. I hope we don't have to spend as much time below the lower line as we did above the upper, but I'm afraid we might. Many have great faith in the "Greenspan Put", but many others say it is too late and the bubble was and is too big, both in stock and credit markets, for anything the Fed does to be successful. I'm along for the ride either way.