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

To: Compadre who wrote (48470)	4/2/2004 5:48:10 PM
From: Trumptown	Respond to of 52237

thanks, surprisingly similar to end of December...interesting

To: Compadre who wrote (48470)	4/2/2004 6:00:05 PM
From: Michael Watkins	Respond to of 52237

Ties in with my thinking - 7 days up finishing with a strong gap up day - maybe a little more follow through but who would be surprised if the market found a reason to sell off. Here are the three major targets I'd outlined for this move: trendvue.com T1 - at or near the consolidation zone on a gap up. T2 - Typically when price is really moving strongly after some sort of climax selling, price will fairly immediately move from the 20EMA to the 50EMA. No real magic in the numbers, it just means that traders with the next larger time horizon have stops just that much higher. Bing. T3 - I will always use the top of a big down bar if one exists at a break of some consolidation. I think you might be right - a little more follow through and then...