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

To: donald sew who wrote (5062)	4/5/2001 9:26:57 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 52237

Donald, Hey my horizon is much closer. My thinking is the 13d MA (currently 1599 on the NDX) is the first ST resistance and should be met at the high tomorrow, and if we hold 1540-50 by Friday's close then this week will be a hammer which is supportive to the weekly class buy. Then minimal Fib (23.6%) to the leg from January is @1688 and normal Fib is @1895. The Fib corrections are both magnets and resistance, and the market usually overshoots them by a few points. So the picture I have is 1580-90 high tomorrow, 1540-50 close and higher next week to 1700, then you'll get a class sell for a pullback. ATG