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

To: JRI who wrote (899)	2/23/2001 10:39:13 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

The COMPX broke a major trendline on Tuesday; I haven't had time to look at the charts, but 2388 should be rock-solid resistance at this point. The SPX broke its 94 trendline at 1390, and has run out of steam there ever since. And the Dow broke its 94 line around 10,800-11,000 (need to recheck that one). We'll be three days under that trendline today, so it's pretty broken at this point. They could still paint the tape and get a monthly close above that line by next Wednesday, but it's worrisome. The implication is that the tech boom may be over, IMHO.