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

To: john722 who wrote (3283)	3/18/2001 9:58:58 AM
From: donald sew	Read Replies (1) \| Respond to of 52237

john722, >>>>> The Naz Broke a 4 Day Bear Flag Friday. Do you know what a projected target is for a BF Break? <<<<< I really don't use the target measurements of broken patterns since I have seen many examples where the target was never reached, so Im no expert in target measurements, but let me give it a shot. With the BEAR FLAG, some use the measurement from the pole and some use the height of the flag. Whichever is used it is measured from the point of the break of the patter. Using the 60-MIN chart the break-point is around 1740 on the NDX. The height of the pole is around 325 points and the height of FLAG around 100 points. If one uses the POLE the target measurement is around 1415, and if one uses the height of the FLAG then the targe measurement is around 1640, which is right around where it closed on FRIDAY. That POLE measurement target fits right in with the strong support area of 1500-1400, although I like the other one better since its not that big of drop. ggggggggggg