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

To: timers who wrote (3457)	3/20/2001 10:18:02 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

>>if it gets broken i would think that it would pull back off that anyway b4 going up.<< Unlike a rising wedge, a move out of a falling wedge can be slow, and given that both Don and Heinz have potential retests coming later this week, all that seems to line up with what you say. Here's a thought: Fed cuts by 50, market sells off, but only retests before rallying. Is 150 bp of rate cuts bearish? Certainly not 6 months or so out, and the market tends to price in events 6-9 months ahead of time. Just a thought.