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

To: Compadre who wrote (48346)	3/26/2004 12:04:47 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 52237

I really did expect the explosive day yesterday. I rather expected it would rest today but an outside chance that it just carries on up. To be honest I would prefer a minor down day on Monday and then a push up, retest of today's high and a further push up. I think then it would be in a decent position to set a new upswing on the weekly chart and potentially remain directional for a while. If it peters out and slows down then I'll be looking to take profits sooner. At this point its just an upswing on the daily, counter-trend to the trend in the next time frame up, albeit after what is arguably a short term exhaustion move down. Plenty of overhead resistance is there to encourage another swing down too at some point. I would think there are probably 1-4 more days left in this upswing on the daily however at least. A single down day would not invalidate that. Two down days might.