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


To: Electric who wrote (15738)9/22/1998 10:50:00 AM
From: Chris  Respond to of 42787
 
couple more pointers:

the buy signal was actually triggered a couple days ago. so anyone buying today is buying late.

one thing to watch:

chart the SPX.

draw the downward trendline from peaks of 7/21/98, 6/19/98, 9/17/98

that is ALL to watch for. if SPX breaks abv it, buy signal continues.
if spx fails to break above it, we are going down further to NEW lows.

if spx breaks abve the trendline, then next resistance is 200 ema at 1050.

VERY simple.