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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 (12033)7/18/2001 2:21:27 PM
From: Paul Shread  Read Replies (2) | Respond to of 52237
 
Hi Don, Since yesterday's open, I see either a head and shoulders or a bear flag breakdown that seems to imply a 1600 target on the NDX (a similar pattern on the COMPX). Since the 11th, we may have formed a bigger bear flag that broke down today that would imply a duplicate of the move down from July 2.

Here's the possibilities: cache.wsrn.com

I could be wrong, obviously, but based strictly on the charts, I don't see a reason to get long unless we get a real wash out this afternoon.

Edit: I can see the case for the falling wedge. Need to touch and hold that lower trendline:

cache.wsrn.com



To: donald sew who wrote (12033)7/18/2001 3:02:43 PM
From: Chris  Read Replies (1) | Respond to of 52237
 
gap filled



To: donald sew who wrote (12033)7/18/2001 3:15:21 PM
From: James F. Hopkins  Read Replies (3) | Respond to of 52237
 
Short term it's up to IBM this eve..
We closed the gap of the 12th ,
so I'm back in long, but I held back
plenty of dry powder.
------------------
Lets just hope they don't kill the dollar,
it's down today and that's adding to the
sell off but if it bounces so will stocks.
--------------------
Dollar got shorted via Spams hint he may
cut rates again.
The dollar shorts have been getting killed
every time they jump on it so I don't see
why they won't get killed again.
Eventually they will get it right,
( but by then they will have covered <G> )
Jim