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


To: Arik T.G. who wrote (34667)4/23/2002 2:15:02 PM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
>>The OEX is inches above the slightly inclining support line (currently at 546.3) and looks like it's about to break it (60-40 chance IMO).<<

I agree, and it measures to about 490 if it breaks.

cache.wsrn.com



To: Arik T.G. who wrote (34667)6/6/2002 1:22:37 AM
From: Death Sphincter  Read Replies (1) | Respond to of 52237
 
Arik...just bumped into your earlier post about BKX big ED. had discussed that with Plonk a while ago. reminds me of some action we followed with the NYSE in Sept 2000!!
stockcharts.com[m,a]daclyyay[df][pb50!b200!f][vc60][iUb14!La12,26,9]&pref=G
if you remember its fifth ABC got to within about 10 points of its max allowable then bonked. but stinkin SP had too many techs in the index and failed(or else it finished earlier)....anyhow BKX worth watching for your scenario, would certainly be a MAJOR rope-a-dope. with length of 3rd ABC not to be exceeded by length of 5th ABC, that would target somewhere up around 1000......lets stay tuned



To: Arik T.G. who wrote (34667)6/17/2002 11:04:50 AM
From: Arik T.G.  Read Replies (2) | Respond to of 52237
 
Monthly comment,

Paul got his OEX target on Friday siliconinvestor.com
and there was a nice rebound from there, making a big doji day on the S&P and OEX followed today by a gap up. Is that a morning star?

Also local higher highs were just made by all the major indices (S&P over 1023, COMPX over 1526), after the last month all the lower highs were overlaps.

This brings me to conclude that the IT down trend I declared on March 18th around S&P 1180
Message 17211029

IS PROBABLY OVER.
This means buy all weakness at least this week.
But we could still sell extremes like S&P 1033 today (NDU2 1160).

LT trend is still down, but the BKX needs another leg up to complete the giant ED. If it takes out 900 then it's probably going to make a marginal new high (scratch the 1000 mark)

Iso, My Gold target for this correction around 313 spot.

ATG