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

To: Lee Lichterman III who wrote (28881)	1/30/2002 3:17:36 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

Look at the previous lower Donchian level for the SPX around 1117. That level goes back quite a ways, too. There might be some fun there for shorts. With the Dow there's resistance from 9711 to 9736. With the Naz, 1918. Donchian channels are just support and resistance lines based on 20-day highs and lows, but they're very helpful. Your shorts might be OK longer term. The downtrend might last a couple of weeks. Sometimes it might even pay not to watch. But who can say? The ole nerves force one to keep one's eyes glued to the screen, unfortunately. Sure is easier to look back at levels with the new eSignal prebeta. The program runs like a charm. The best thing about it is custom indicators. The CI's are now in my eSignal charts. Don't know whether that'll help much. Like everything else, they'll probably just lead me astray.

To: Lee Lichterman III who wrote (28881)	1/30/2002 3:23:27 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

Have you noticed the double head & shoulders in the Naz daily chart? It's a dead duck. Also in SPX's chart. Based on the double H&S in the Naz, I think I'd look for the possibility of a bounce to around 1934, and then a move lower. With SPX, possible bounce to 1117 or 1119, based on other side of shoulder. Also these numbers are based on possible retrace back up yesterday's downbars. But whatever. S'all guessing. Looking for order in chaos. All my predictions are subject to hasty revision. Even if the targets aren't hit today, there could be another couple of volatile days ahead, in which those levels would get tested. Of course, then again .... ST Naz CI: 62.264 MT Naz CI: 62.264 LT Naz CI: 93.447 ST S&P CI: 51.519 MT S&P CI: 51.519 LT S&P CI: 88.798