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To: AllansAlias who wrote (37447)4/30/2002 2:41:27 PM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
Allan,

Are you and Shack still tracking that huge expanding triangle scenario? I think the Dow would have to go to 9300-9500 to hit the lower trendline, and the S&P would probably have to go to 1025 or so. Thanks.



To: AllansAlias who wrote (37447)4/30/2002 3:34:43 PM
From: 4rthofjuly007  Read Replies (1) | Respond to of 209892
 
AA, I really like that scenario. I think that it would shake the most people from the tree and trap alot of shorts at the marginal low who are looking for the Sept. lows to be tested.

I may have missed it but what is the approximate timeframe in which you would expect to see the marginal low? In the next couple of weeks?



To: AllansAlias who wrote (37447)4/30/2002 5:49:54 PM
From: John Madarasz  Read Replies (1) | Respond to of 209892
 
the best plans are simple...and robust.

i think 1200 is an excellent #...keeps things in the channel/wedge, other than that, a more mild, longer wedge down to the lows would be even better.

all in all a very good play, good luck with it, i hope it works out for the both of us<gg>



To: AllansAlias who wrote (37447)4/30/2002 8:07:16 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
Allan, were you speaking on 1200 on the NQ?