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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 (11990)	7/18/2001 10:36:45 AM
From: Chris	Read Replies (1) \| Respond to of 52237

good job. getting ready to take profits on my orcl, pg and sbc. i want to see mkt action after greenspan finishes. other than that, mainly in cash and waiting. might have to stop out from csco with slight loss.

To: Paul Shread who wrote (11990)	7/18/2001 11:24:08 AM
From: Chris	Read Replies (1) \| Respond to of 52237

banc one (ONE) breaking out. i have no position.

To: Paul Shread who wrote (11990)	7/18/2001 2:03:55 PM
From: donald sew	Read Replies (3) \| Respond to of 52237

Paul, Please take a look at the NDX on a 60-min chart. After the UP-GAP on 7/12, it looks like a FALLING WEDGE which implies bullishness. It looks like the LOWER TRENDLINE of this possible wedge is pointing to about 1660-1650, which is only 10-20 points away. Of course if the the lower trendline of that wedge doesnt hold that would be a significant negative. My short-term technicals on the NDX is only in the midrange, so there is enough/plenty of potential downside room to allow for a break below that lower trendline of the wedge.