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

To: Joseph Silent who wrote (25085)	11/29/2001 9:21:55 AM
From: Paul Shread	Respond to of 52237

I'm saying COMPX is not a wedge; a very clear channel. A wedge has converging trendlines. It only takes one in a major index to derail a rally, and we have two this time. MSFT does not form a channel when that lower line is used (something bizarre, broadening and undefinable instead), but I think other factors support the lower trendline I drew - three touches and a gap over it when it broke - a signficant trendline. E&M allow for trendlines to be drawn off higher lows or lower highs.