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

To: Trading Machine who wrote (5148)	4/5/2001 3:53:31 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Many thanks, Paul. I haven't had a chance to look at the downtrend lines yet; should probably be my next order of business. I knew the Nasdaq lines were some distance from here; good to hear about the OEX. The only problem is every stooge on CNBC is calling this a bear rally. The only people trying to call a bottom here are Abby Jo and Marshall Acuff. (Just my distracted observation; could be wrong.) Best, Paul

To: Trading Machine who wrote (5148)	4/5/2001 5:36:23 PM
From: donald sew	Read Replies (1) \| Respond to of 52237

Trading Machine, Just want to explain something about the 3-DAY PATTERN. There are actually 2 3-DAY PATTERNs. 1) STRONG DAY 1 - FLAT DAY 2 - STRONG DAY 1 2) STRONG DAY 1 - STRONG DAY 2 - FLAT DAY 3 The probability of either pattern is about the same, based on statistics. What is interesting, in both patterns, is that the 2nd strong day, whether it is DAY 2 or DAY 3, has a fair chance of being similiar in strength to DAY 1. Its hard for me to accept that we could have another 400 point day on the DOW or 140 on the NDX, but it is a fair probability. So tomorrow could either be up or flat. Please also keep in mind that the 3-DAY PATTERN has a lesser probability of working if it is opposite to the trend.