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

To: Joseph Waligore who wrote (27864)	1/17/2002 12:11:20 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 52237

200 point decline in NDX is big by my standards right now. I guess it is biggish but not in context with where its been ;) and yes Paul I agree with you that's just a minimum target as a guide. trendvue.com Yesterday's drop still might be a sucessful test on the 45 min time frame but so far its acting more like a stealth bear flag within that time frame. Not much to do for intraday traders except get chopped up, or find other less destructive ways of passing the time. Of course as soon as everyone is spent, it will decide to move... trendvue.com In the even bigger time frame however we can see that some tempting stop areas have yet to be probed. May never happen, but somehow I doubt that this big consolidation range will be escaped in either direction without a test there. Very hard for anyone to game ultimate direction here, although individual charts by and large look very poor on the daily charts. If I had to guess at a diabolical outcome I'd say a 'thank goodness, phew, wipe brows rally' for a day or so followed by the surprise clunk. Although I don't trade on the guesses... just musing. Personally I think a big decline and a good test would be a very good thing for the long run.