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

To: JRI who wrote (41047)	1/17/2001 11:43:37 AM
From: Paul Shread	Read Replies (3) \| Respond to of 42787

I suspect we're going to have a hard time breaking out of the COMPX rising channel, so I don't see much upside from here. Maybe we'll fill the gaps created this morning when the downtrend lines get down around there (2618.55 COMPX, 2470.72 NDX). I don't know what it's going to take to get to the lower channel boundary; bad earnings won't do it, maybe the Fed won't cut as much as everyone hoped? On the other hand, if we don't revisit the lower trendline, we could reasonably get a move above the upper trendline by the same distance the index got to the lower trendline, essentially reforming the same channel at a steeper incline. In other words, beatsa heck outta me. ;-)