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

To: TechTrader42 who wrote (9789)	6/21/2001 2:12:59 PM
From: stomper	Read Replies (1) \| Respond to of 52237

I have no idea how it'll turn out. I just ain't buyin' here I agree with you. I was mentioning the burning off of oversold indicators in relation to clearing the technicals to resume a downtrend. There is little compelling at this point in time to commit me to buy, except that they are "cheaper than they were". ;-) -dave

To: TechTrader42 who wrote (9789)	6/21/2001 2:15:59 PM
From: peter n matzke	Read Replies (1) \| Respond to of 52237

Brooke, here's one reason why there are potential legs to this rally. According to Trading Techniques literature they have via back testing proven to themselves that a modified 5 35 oscillator can with greater than 90% accuracy forecast the next wave in an ew structure. The key components to look for are a clearly visible EWA pattern on the charts. Which is clear at least in my eyes on the compx. The 5 35 oscillator must diverge across the zero line near where the wave point #4 should be. If those items seem reasonable, then look for a divergence in the 5 35 oscillator from the 3 point to the 5 point If the 5 35 is greater at point 5 than at point 3, then the series is not finished and there will be another leg down. If 5 is smaller than(has a closer to zero reading) 3 then there is a very high probability that the pattern is completed So based upon the above reasoning the charts tell me that wave 5 is complete to the downside. this is a new 5 wave sequence going up, which should be followed by a new 5 wave sequence going down, but that should not begin for a month or so. a differing opinion