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

To: John Madarasz who wrote (27267)	1/8/2002 8:57:03 PM
From: Paul Shread	Respond to of 52237

COMPX looks to me like it's trying to round up here in the daily. Don't know about cup and handle.

To: John Madarasz who wrote (27267)	1/8/2002 10:32:29 PM
From: Susan G	Read Replies (1) \| Respond to of 52237

I think so John. A teeny cup and handle on the daily. But the handle needs to dip a bit more, it just started. There are also bullish descending wedges on the NDX and the COMPX that have been forming for a while. It would be the diabolical move, just when everyone thinks it's breaking down <G> Litwick says that the SPX had a Three Outside Down candlestick reversal tonight after that bearish engulfing they listed last night. Could be meaningless though, although it's a high probability reversal, I cannot tell you the stocks I've seen on their list with that pattern breakout to the upside the next day because they are oversold <G>

To: John Madarasz who wrote (27267)	1/8/2002 11:03:26 PM
From: Vitas	Read Replies (1) \| Respond to of 52237

charts updated - see nasd up down volume line for cup/ cup and handle depending on where you think the left side of the cup starts geocities.com (previous updates link has a wider shot of nasd up down volume line)

To: John Madarasz who wrote (27267)	1/9/2002 2:20:38 AM
From: Shack	Respond to of 52237

I dunno John, I expect the handle will be awfully short-lived. And I expect the next breakout to be short-lived too. Probably not a true cup and handle.

To: John Madarasz who wrote (27267)	1/9/2002 8:11:38 AM
From: Casaubon	Read Replies (1) \| Respond to of 52237

I don't like to think of indexes putting in a cup and handle. Rather, I like to think that the indexes are placing some stocks in the position to fulfill the pattern. And I'm not even intimating that the stocks which will succeed are even in the index. I'm not implying anything. Just that there is a setup which could provide some signals on some stocks. On the other hand, I think the setup stinks! I don't like the outrageous pump priming with the lousy business environment, job losses out the wazoo and low VIX. Anyway, I'm going to make a play on at least one of these setups. I will post if it happens. Anyone who follows me had better know how to take a loss should it become necessary. I will post if I exit the position too.