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

To: isopatch who wrote (7079)	5/4/2001 5:24:32 PM
From: Paul Shread	Respond to of 52237

Thanks, Iso. Your comments are always appreciated. Monday's a full moon...

To: isopatch who wrote (7079)	5/4/2001 5:33:04 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 52237

patch - re:rtn.b is this old news? doesn't seem to be hurting it too much . . . dailynews.yahoo.com biz.yahoo.com

To: isopatch who wrote (7079)	5/4/2001 6:12:18 PM
From: HammerHead	Read Replies (1) \| Respond to of 52237

to expect a quick rebound on networkers may be premature... siliconinvestor.com

To: isopatch who wrote (7079)	5/4/2001 7:41:48 PM
From: eddieww	Respond to of 52237

"...looking for more weakness...something negative about to surface...maybe the Inquirer's got photos of the CEO in the hay with Pamela Anderson. lol" ROFL, we'd probably have to reassess his vigor in this case, and bid the stock UP!

To: isopatch who wrote (7079)	5/6/2001 7:19:48 AM
From: Arik T.G.	Respond to of 52237

EW analysis on the NDX From 4/24 morning started a very clear diagonal pattern that ended on 5/2 high. What is still unclear is if this is a leading or ending diagonal. It looks like an ending diagonal (3-3-3-3-3) and it fits my larger counts as an ending diagonal, but still... The proof is in the pudding. If the Naz takes out the 2232.66 high without dropping below 2000.83 before then this was a leading diagonal. That's only 42 points away (and the NDX futures closed above the market) so I guess this is a good place for a ST short position with a close stop or even SAR. Let's view the possibilities: On the (IMO remote) possibility this is a leading diagonal then it's 1 of 3 from the low, (the 1 ended 4/20) and 2 of 3 ended Friday morning (note- exactly on the 61.8% fib. to the rise) or is still working zig zag style, but nothing under Naz 2001. This puts us on a choo choo train 3 of 3 nonstop express to AT LEAST 2376 Naz and possible 2600 before a flat 4 of 3 pullback. But if we take out Naz 2000.66 local low then this was an ending diagonal and the pattern from the low is suddenly quite bearish- a completed A of a bear market correction up, or even the entire corrective move. In this case, the least I would expect is a 50.0% B to the completed A , and that's @ Naz 1928- almost 200 points down from here. But the normal deep correction B of a zig zag ABC bear market rally could meet 61.8% @ 1855. I will short the NDX futures before the market opens, unless they are already locked limit up pointing to the other way. In that case I would seriously consider going long on any minor intraday pullback. A leading diagonal is a prelude to giant moves. ATG