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

To: Chris who wrote (5)	2/10/2001 12:22:39 PM
From: hobo	Read Replies (2) \| Respond to of 52237

Chris.. in your chart you make mention of an medium term "up" target... do you have any "possible time-frame" ? of such target ? when it broke that trend line that you are showing as support now, I became convinced that we were heading higher.. only to fail. is it possible that this "failure" could give some speed to the downward pressure and pierce through the support of the line you show (+/-2400) area instead ?

To: Chris who wrote (5)	2/10/2001 12:26:49 PM
From: Gersh Avery	Respond to of 52237

Interesting .. It seems to me that the implication to that idea is that the downtrend line will now become the lower trend line in a new down trend channel. If so where would the upper line for this new channel be? If you take the peak near 7/17 and draw a line through the ~12/22 bottom you would have (close) the bottom line of the last channel. If you draw a line from the ~1/30 peak parallel to this downtrend line, you then have something that looks like a fork. In case you didn't see it: homestead.com values for Monday: Black fork tines: Upper : 1411.45 (96.69) Mid : 1351.05 (36.29) Lower : 1290.65 (-24.11) Red fork tines: Upper : 1352.61 (37.85) Mid : 1258.01 (-56.75) Lower : 1163.41 (-151.35)

To: Chris who wrote (5)	2/10/2001 5:34:59 PM
From: JRI	Respond to of 52237

Oh please, Chris....give me my 50 pts or so gap down Monday, so I can play (the bounce off of) that 2400 or so trend line on COMPX...I like it! (major resistance turning into support)....would make me real comfortable going long for a short-term trade (if Tick count right)