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


To: Paul Shread who wrote (39355)12/27/2000 9:54:28 AM
From: Topannuity  Read Replies (1) | Respond to of 42787
 
NQ compx cash 45 minute chart is either at the lower channel support line of an upchannel from 12/21-22 lows OR is forming the right shoulder of a 3-day HS top. 50 points either way could tell the story. BTW, below the neckline of the HST is the still unfilled breakaway gap area under 2400.
If that doesnt get filled soon plus if we negate the HST, that would be bullish for a run to 2600 or higher.



To: Paul Shread who wrote (39355)12/27/2000 10:43:41 AM
From: donald sew  Read Replies (1) | Respond to of 42787
 
Paul,

>>>>> Not so sure that NDX/COMPX/OEX/SPX aren't forming bearish flags of some sort; a quick peak tells me that 2450-2460 is support on the COMPX <<<<<

Took a look at it on the 60-MIN charts and sure does look like BEARISH WEDGEs. On the NDX I got the UPPER-TRENDLINE of that wedge targeting the 2600-2650 region in a few days. 2600 is also right around the 50% FIB level of the recent decline from 2990-2199.