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

To: eddieww who wrote (38050)12/14/2000 4:12:46 PM
From: Paul Shread  Read Replies (1) | Respond to of 42787
 
1320 would maintain inverse H&S symmetry.



To: eddieww who wrote (38050)12/14/2000 4:20:15 PM
From: eichler  Read Replies (1) | Respond to of 42787
 
Hi eddie
Looking at the daily chart for $spx....1320 looks to be the
area which spawned this last rally. However, it is below the
62% retracement of this last rally 11/30-12/9 so if it gets
down that far I think full retracement is in order. If full
retracement, then why not lower low. We are still trending
down. Rally is dead... :-(
unless short.... then :-)))
Regards


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