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


To: stan_hughes who wrote (19935)9/25/2001 11:17:20 AM
From: TechTrader42  Read Replies (5) | Respond to of 52237
 
We should pool our ideas on trading in this market, Stan. I think the Dow is going to 2012.86 in the short term and 253.57 midterm. The Nasdaq will hit 0 soon, with a brief dead-cat bounce to 1.618 (based on Fib ratio). Few companies can survive in this economic climate, especially technology companies.

A few months ago, I thought the Dow might reach 20,000 by the end of the year, and that the Nasdaq could easily surpass 7,500, but as a trader, my outlook has to remain flexible. I don't allow emotions to cloud my vision. To ensure that emotions don't affect my reasoning, I drink heavily while lying on my side. One side of the brain is effectively deadened in this manner. The Romans perfected this idea with the triclinium.

I'm given to studying ideal angles for tricliniums in my free time. My price targets are based on application of these angles to price charts.