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


To: isopatch who wrote (5998)4/18/2001 11:20:35 PM
From: Jan Robert Wolansky  Respond to of 52237
 
Isopatch, thanks for posting your thoughts and insights!

Jan



To: isopatch who wrote (5998)4/19/2001 10:19:40 AM
From: Paul Shread  Read Replies (2) | Respond to of 52237
 
Looking at the index charts this morning, this was a much better base for a bottom than January, particularly on the S&P, and we broke out of it yesterday. 1180-1200 SPX and 1950-1980 COMPX should hold on any pullback; if not, I'd have to assume we retest the lows, and possibly set lower lows. Will post charts later. Based on the size of those bases, we could be headed to about 1300 SPX and 2250-2300 COMPX; both heavy resistance levels.

Seeing the almost universal opinion of economists in the Washington Post this morning that the economy is on the brink of disaster makes me think we're headed either for economic recovery or Depression. ;-)

washingtonpost.com

Great post. Appreciate your insights.