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


To: velociraptor_ who wrote (2369)3/8/2001 9:01:51 PM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
Would have been much cleaner had we gapped below 2200 and never gone back near that level. As is, there's no clear "open water." The mid-February pattern was perfect. This one gave traders a chance to get off on the island without being stranded. Should be a better one tomorrow, but all the bodies of the candlesticks will still overlap.

Not sure if the distinction matters anyway; the broken bear flag, if it was one, gives the COMPX downside potential to about 1950 on this move:

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