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

To: DukeCrow who wrote (1616)3/1/2001 1:40:17 PM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
QQQ does look like it could try to round up. INDU had an intraday low of 10,292 on 11/30, the lowest point of its four-month rectangle.



To: DukeCrow who wrote (1616)3/1/2001 2:19:18 PM
From: Michael Watkins  Read Replies (1) | Respond to of 52237
 
I do see that the swings are contracting in amplitude. So we know a move is coming. Ordinarily would be up, but in my experience in such times that is much less likely - its like a big red I DARE YOU contraction.

Someone will be trapped, could just as easily be longs as shorts.

Frequently these will fake to one side or the other and then the real bounce or puke begins.

Play safe!


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