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

To: Berney who wrote (17060)	8/29/2001 12:12:37 PM
From: phillong69	Respond to of 52237

This is what I see right now on OEX: this sucker is being driven by a dwon chanel with it's first definition in early may. Connect the top of 5/16 6/12 6/13 6/28 8/14 8/27 Move it down notice that it acts like resist (4/2) and support eg 5/1 6/15 7/24 and a bit higher up 5/14 8/17 8/22 That would suggest that a reversal signal might something with a long tail off of OEX 578 (today). Could be good call buying; problem is that top of channel is only 607 and dropping at a rate of 17 points a month. I still believe that aprils lows will be retested (breaking the last straggeling monthly uptrend lines), and the 680/600 pennant break translating to 520 could happen. If that occurs, I want dry powder when we get there. Better might be to try to buy poots at 607 level.