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


To: Challo Jeregy who wrote (3881)3/22/2001 11:04:28 PM
From: Paul Shread  Read Replies (3) | Respond to of 52237
 
Challo, I thought the sell-off started at about 10,900? Good thinking, though.



To: Challo Jeregy who wrote (3881)3/23/2001 9:33:16 PM
From: Challo Jeregy  Respond to of 52237
 
Now I know why the Nasd/NDX appeared weak today.
In actuality, the DJIA has been weaker than the Nasd, %-wise, the past 2 days.
(Gotta love those fibs! <ggg>)

To continue my retracement post from yesterday -

all retracements from the 3-20 drop, after FOMC meeting-

                        DJIA                       SPX                     COMP                  NDX

3-20 high 10019 1180 1974 1749
3-22 low 9106 1081 1794 1582

diff 913 99 180 167
3-22 fib retrace .382 .382 .618 .75
348.76 37.81 111.24 125.25 + 9106 +1081 + 1794 + 1582
= 9454.76 =1118.81 = 1905 = 1707.25
3-22 close/
or hit intraday 9450 1117.58 1897 1702


3-23  fib retrace    .50                      .618                       .890                      1.00
456.5 61.18 160 167
+ 9106 +1081 + 1794 + 1582
= 9562.5 =1142.18 = 1954 = 1749
3-23 close/
or hit intraday 9529 1141.83 1952 1754