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

To: Haim R. Branisteanu who wrote (39264)	12/25/2000 10:00:56 PM
From: donald sew	Read Replies (2) \| Respond to of 42787

DEC 25 INDEX UPDATE ------------------------- Havent been keeping up with all the posts recently, so in case it hasn't yet been mentioned. There appears to be some significant bullish patterns(DECLINING FLAGS) developing on the DOW/SPX/NDX. They are not perfect since some have overshoots and in the case of the SPX and NDX the lines are not completely parralel, but close. Since the timeframe may be a bit on the long side, they just may be trend channels, regardless it should be mentioned in case they are actually BULLISH FLAGs. DOW UPPER TRENDLINE - HIGHs of 11/6, 11/8, 12/5, 12/13 LOWER TRENDLINE - LOWs of 11/13, 11/22, 11/30, 12/1, 12/4, 12/21(with some overshoot) SPX UPPER TRENDLINE - HIGHs of 9/1, 11/6, 11/7, 11/8, 12/11, 12/13 LOWER TRENDLINE - LOWs of 11/13, 11/30, 12/20, 12/21 NDX UPPER TRENDLINE - HIGHs of 9/20, 9/25, 9/28, 10/20, 10/23, 10/24, 11/3, 11/6, 12/11 LOWER TRENDLINE - LOWs of 10/12, 10/13, 11/30, 12/20, 12/21 So if these formations are actually BULLISH FLAGs, then we have the possibility of a strong upside move. Just a reminder that, statistically, declines greater than 7% have a strong probabilty of some sort of a retest, whether the retest fails or succeeds. Whether this possible retest occurs soon or after some time, who knows, but to ignore the possibility of a retest may not be wise. Keep in mind that since SEPT every NEW LOW was retested and failed. Eventually, there will be a successful retest, or less likely a "V-SHAPPED" rebound. Merry Christmas