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

To: Paul Shread who wrote (40670)	10/25/2002 7:46:23 PM
From: heehee1	Read Replies (1) \| Respond to of 52237

Paul. If indeed the 3 white soldiers on the weekly plays out, we could retrace 50% and still have the formation intact. And we sorely need a pull back to reset the overbought indicators. I think we hit 1347 come Monday and that'll be the temporary top. So 50% move from the low of 1108 to 1347 is approx 1226. Which is precisely where the bottom of the hourly wedge that we're currently still in, and very close to the 10/15 gap. If we retrace to there, I plan to exit the shorts and go long. Of course, if we blow out the top and set off the hound signal, or fall through the 50% mark, the above bet is off.