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

To: BirdDog who wrote (35276)	5/3/2002 12:11:58 AM
From: TechTrader42	Read Replies (2) \| Respond to of 52237

That's a nice trendline you've pointed out. Also, it's interesting that the support level near 500 is at the left shoulder of a H&S in the weekly chart, from the autumn of of '99. There's support at the next area of congestion down, in early '99. But who knows? There's also been such strong support near 500 in the daily chart, and maybe it'll hold. But Monty makes a good point about the three mountain top pattern in AMAT's chart. And he pointed out that the declining vol. vs. adv. vol. for the Naz today was about 6 to 1. Distribution on a big scale? This week and next should be very interesting. One has to wonder about all the volatility. Is it the kind of thing we've seen at tops? And AJ makes a good point about the narrowing Bollinger bands for the VIX. That indicates a possible breakout. Which way? Sentiment is oversold for the Naz in the short term, and in the midrange for the long term. With the S&P it's in the upper midrange for the short term and long term. Could the oversold reading in the Naz in the short term lead to a bounce? As for "basic," basic is good. Basic trendlines, basic support levels.