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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 (40542)	10/19/2002 10:45:52 PM
From: Vitas	Read Replies (2) \| Respond to of 52237

whew, now I don't have to update charts anymore -g- here's the pattern which may play out from here, subject to a few things falling into place (like the market not blasting off from here): geocities.com we had the initial bottom in the McClellan oscillator on 7/23/02 then the top on 8/22/02, from where we had a 5 wave down in the oscillator to 10/9/02 now we should get a 3 wave up to the important top and then...the final decline, which, from the intraday high 6/16/32 at 51.40 to the final intraday low on 7/8/32 at 40.60 was a 21% decline curiously enough, the first rally after the bottom on 5/31/32, the end of the 5 wave down in the oscillator, was a 13.9% rally on a closing basis, similar to the 14.2% rally off the 10/9/02 low after such a decline there would be a triple higher bottoms pattern in the oscillator starting from the 7/23/02 low which could produce one heck of a rally (94% in two months from 7/8/32) the Nasdaq market today should be compared to the Dow then, because it is the Nasdaq that is in the crash pattern off the early 2000 highs current McClellan charts: stockcharts.com stockcharts.com ONE PROBLEM: "McClellan makes a very strong case that a new cyclical bull market has started, and if everything goes as expected it should last 12-18 months. He also talks about what it would take to either negate, or, further confirm the bullish scenario." aegeancapital.com aegeancapital.com