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


To: Jan Robert Wolansky who wrote (5164)4/5/2001 7:21:30 PM
From: Magnatizer  Read Replies (1) | Respond to of 52237
 
Jan

First, I must thank you. A few years ago you helped a budding TAer set up some templates in metastock. I am pretty sure I did thank you at the time but it never hurts to do it again. :)

A few if/thens on my targets:

If 1157 can be taken out tomorrow I will be looking for a move to the 1189-1198 area. I feel it is well within reach of the current run to get to there (1189-1198).

If 1189-1198 hold resistance I will be tightening stops to move with the market. Close below prior day low.

If I am not stopped out and the area is broken as resistance then 1231 becomes my target.

geocities.com

This page has a link to my daily commentary and a support and resistance spreadsheet. The spreadsheet shows the levels I will be watching for resistance as we move up.

I give the SP 500 a guesstimate of 30% to reach low 1300s by May 16.

I will trade with a long bias through May 16 unless last Tuesday's (4/03) lows are taken out on a closing basis.

ht
Mag