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


To: AllansAlias who wrote (9551)6/20/2001 8:27:26 AM
From: Lucretius  Read Replies (2) | Respond to of 52237
 
gee, and i thought earnings were important -bg-



To: AllansAlias who wrote (9551)6/20/2001 12:53:32 PM
From: Paul Shread  Read Replies (4) | Respond to of 52237
 
Holding that line, and got a 50% retracement to boot (1973, from 1619-2328), but this does not look like a bullish set-up, IMHO. One big warning and we gap below.

cache.wsrn.com

Of course, it could be a falling wedge, but we are fast running out of room (just in time for June 21-22 turn window, however).

cache.wsrn.com



To: AllansAlias who wrote (9551)6/20/2001 4:37:25 PM
From: AllansAlias  Read Replies (1) | Respond to of 52237
 
Is this the start of my late week rally? I favour it still, but I'm just not sure enough to trade it. If it is, then our count says tomorrow is a great follow-through day, with a gap up no doubt to jump the NDX June DT line, as we should be in a wave 3.

If this morning's low had been deeper, as indeed I was calling for, then I would be more confident. It looks OK, but it smells bad. -g

As Lee and others have pointed out, we are in a range. No matter what kind of tools we use to look inside it, it's still just a range.