| Subject: May 27 and July 1,Nasdaq Count , 8/-90, real entry point was at day's end Tuesday, after the +30 |
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http://members.aol.com/davetrends
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Date Posted: 26/07/03 9:35:47pm
In reply to:
997.60 = Resistance1Weekly Pivot/Support/Resistance Numbers:
's message, "Targeting a retest of the 1015 levelINX 998.68 10:16PM 17.08 1.74%25/7/03--U.S. time 998.71 977.42 177,800 267.50%" on 26/07/03 12:04:42pm
From: DaveTrends (davetrends@aol.com)
Subject: July 25 pattern; so soon after July 1?
This is the only article in this thread
View: Original Format
Newsgroups: aus.invest
Date: 2003-07-26 13:16:31 PST
So, it happened. No one was expecting it. It happened May 27 and July 1,
too. And the Nasdaq Count is respectable, 8/-90, that is, the Nasdaq Average is
down 90 points in the last 8 trading days.
We all hate the fact that there has been no really solid correction, that
it happened pre-weekend, that volume wasn't great, that it's earnings season,
etc. And we'll have to wait and see. But you'll find that, if you ignore all
the extraneous stuff, and buy into such standout patterns in reasonable market
positions, the day that they occur, that you'll be a lot richer over time.
Of course, the real entry point was at day's end Tuesday, after the +30
surge.
If you're ever curious about this level of talk - analyzing how the general
market, and 80% of the stocks it contains, really move, you could always stop
by.
A suggestion. Pour yourself a long coffee, sit back, and read six or more
installments. Whether you will ever use N.B. strategies or not, it will
introduce you to a valid way of thinking about the market that simply does not
exist in purchasable material on the market. And it will not disappoint you.
You're invited.
New Breed of Stock Trader
http://members.aol.com/davetrends
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