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

To: Paul Shread who wrote (11296)	7/10/2001 2:09:42 PM
From: donald sew	Read Replies (2) \| Respond to of 52237

Paul, >>>> If we get double bottoms in the indexes and you get Class I Buys on the retest, is that bullish? <<<< Lets call it less bearish. Take from this perspective - if a lower low is set then that would imply that the downtrend is intact. With a double bottom that would just imply that the downtrend may not be intact, but also doesnt imply an uptrend, could be a consolidation period like a pennant/flag/wedge/rectangle. So I prefer to say less bearish than bullish. Another consideration is that the DOW/SPX/OEX did make clear LOWER LOWs. Right now the NDX is at 1640, so it has broken below the previous trough of 1655