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

To: sam_o who wrote (3116)	3/15/2001 6:17:12 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Sam, There are a lot of discrepancies in the different data feeds, but I have some confidence in my charting service. Don says predicted moves have about a 62% chance of being completed, so I'll take that. This flag formed after a straight-line decline, so that gives it added credibility. However, that straight-line decline might have been made up of exhaustion gaps; if that's the case, we shouldn't sell off in a hurry. Flags occur in rapid advances or declines, so I'd give it three days max to work out, IMHO. I have critical support at 1902 COMPX for Friday, 1897 for Monday, and 1892 for Tuesday (a potential falling wedge lower boundary). Hope that helps. Paul