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

To: ajtj99 who wrote (26691)	12/28/2001 6:09:00 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

It doesn't have the long upper body of a shooting star, does it?

To: ajtj99 who wrote (26691)	12/28/2001 6:14:49 PM
From: ajtj99	Respond to of 52237

The bottom of the big red stick from 12-20 seems to be serving as the new adjusted support line anchor. Draw the line from the 9-26 low through the 12-20 low and it seems to be giving us some clue on what's going on. This SRL may be what we'll be riding in January if this rally continues. Key support for NDX is 1607 and 1617 Monday. If these hold, the rally is still intact, but we have a rising wedge to deal with also off the 12-20 low. We must keep going up in order for the rally to maintain momentum. If we go below 1617 and breach 1607, the wedge has broken, and 1557 should be the next pivot low. Right now, the daily has me believing we're going higher and the support will hold, BWDIK. Maybe we get another Doji on Monday to keep the streak going.