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


To: Compadre who wrote (44532)5/5/2003 10:46:56 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 52237
 
I believe that the patterns have enough similaraties to merit calling it a legitimate comparison. I consider a 20% rally to be a decent rally, BTW. However, I am looking at the pattern more as I would a fractal, where the structure is what is important, not the magnitude. I believe that the similarities in the MACD and RSI help to reinforce the comparison. What it suggests to me is that it is legitimate to continue looking at the current SPX pattern as a bearish setup and not necessarily the start of a new bull market.



To: Compadre who wrote (44532)5/6/2003 9:55:49 AM
From: SpecialK  Read Replies (3) | Respond to of 52237
 
I have a hard time following a SP500 daily vs. Nikkei weekly usefulness. Sure, it's an impressive chart and if the SP follows the same pattern, on a smaller scale, we're headed down. There has to be many historical patterns that look similar.