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


To: ajtj99 who wrote (29043)2/1/2002 11:20:14 AM
From: Paul Shread  Respond to of 52237
 
Good comments; agree with all of them. Here's another look at the SPX broadening top: it broke down when it went below #4, and the 50% retrace back into the pattern occurs in about 80% of cases. Also, the interesting thing is that the two weeks in late November making up #1 and #2 were in themselves a complete 5-swing broadening top. One volatile market, just looking at that pattern: 10 different points marking higher highs and lower lows within a 2 1/2 month period.

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To: ajtj99 who wrote (29043)2/1/2002 12:10:03 PM
From: jjstingray  Read Replies (1) | Respond to of 52237
 
AJ, I think our 1590 target is gone. We are heading down fast here. I think a break of 1900 will spell a very negative sign.