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

To: Susan G who wrote (32790)	3/21/2002 8:49:28 PM
From: Chris	Read Replies (2) \| Respond to of 52237

was qqq volume very strong today? looks like it on my mswin

To: Susan G who wrote (32790)	3/21/2002 9:05:05 PM
From: Casaubon	Read Replies (1) \| Respond to of 52237

yes, technically it is a bullish engulfing pattern. A more important bullish engulfing pattern occurs when the black day has a small body (doji) and the white day has a long body (marubozu).

To: Susan G who wrote (32790)	3/21/2002 9:14:55 PM
From: MechanicalMethod	Respond to of 52237

There's a pattern called railroad tracks where the market makes a strong move, in this case downward yesterday and then completely retraces on the next bar ... which happened today. It should go completely back where it came from and then some ...with then some equal to 100% of the prior swing ...rather than just the length of the tracks. Using 3/18/02 swing H with today as swing L gives these numbers for QQQ. swing H 37.95 swing L 35.90 net 2.05 swing H + net = 40.00 target lol. Anyone know anything about railroad tracks? MM