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


To: Paul Shread who wrote (5150)4/5/2001 4:11:29 PM
From: Trading Machine  Read Replies (1) | Respond to of 52237
 
Paul, if this follows the same pattern that it has before, at least on OEX, we will be able to draw a trend support line underneath all the bottoms on OEX 60 minute charts and watch it come out into that pennant. When it hits the top line I go to cash and when it hits the bottom line I go back in. The bottom line isn't that far away from a good bottom.

Last time in 1998 it went through four of these iterations and on the fifth one it went on down and formed the second bottom, then up, up and away. ggg

CU

Paul K.