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

To: donald sew who wrote (7560)	5/17/2001 10:46:21 AM
From: Paul Shread	Read Replies (2) \| Respond to of 52237

Don, Good eye on the QQQ/NDX rectangles. Looks like we have upside potential to 2200 on the NDX. In light of those patterns, I wouldn't view the COMPX negatively, since it made a higher high while the NDX/QQQ retested. Just shows you that the strength is in the broad list (some would view that as a negative, however). COMPX could be a triangle, broken to the upside today (drawing the upper trendline off the 2233 high). On the other hand, if the COMPX can't clear 2200, it could set up a nice H&S top. ;-) COMPX and SPX have their main Sept. downtrend lines around today's highs. Dow should have nothing but air between here and 11,400. 11,000 should now be support, both technically and under Dow Theory too. Did you mean Class Buy signal on the XAU? And should the COMPX's bias be down for the 34 days after May 23? Am moving tomorrow, so if you don't hear from me, prop up the market until I get back. <ggg> Paul