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

To: Arik T.G. who wrote (4345)	3/28/2001 9:01:41 AM
From: Paul Shread	Respond to of 52237

Arik, Your scenario #3 sounded like a reasonable alternative to the bullish scenario: "3. We now move the major turning point from July to September, making the bear rally of last year a nice big ABC (look where the 50 weeks MA turned back down!). The clue 5er is now extended 1 , and the January high now marks the 2. We've just completed 3 and the flat 4 will not overlap the January low of 2250 or so, and will not be long enough to crank the 50 weeks (~200 days) MA back up. Then the 5 smaller then the 3 will make a new low but not lower then the 10/98 low. By the time the market is on the runway for the next big up wave, there will be enough economic data to tell what form the recession took, and whether this is going to be a successful take off or another crash landing." Good info from you and Jan. Thanks.