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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who started this subject	7/18/2000 8:40:03 AM
From: donald sew	Read Replies (1) of 42787

JULY 18 INDEX UPDATE --------------------- SHORT-TERM TECHNICAL READINGS: DOW - OVERBOUGHT SPX - OVERBOUGHT/PENDING CLASS 1 SELL OEX - OVERBOUGHT/PENDING CLASS 1 SELL NAZ - OVERBOUGHT/PENDING CLASS 1 SELL NDX - OVERBOUGHT/PENDING CLASS 1 SELL VIX - 22.02, LOWER MIDRANGE CBOE PUT:CALL RATIO - .42 5 DAY TRIN - 4.79 On FRIDAY I got CLASS 1 SELL SIGNALS on the SPX/OEX/NAZ/NDX and a CLASS 2 on the DOW. All the major indicies closed yesterday off of their intraday highs creating DOJI's/SPINNING TOPs, which is a sign of indecision and is common at short-term tops. In no way am I saying that there will be a strong selloff, since the recent trend has been quite bullish, just calling a short-term swing. If the overall market doesnt at least remain flat and just continues up over the next 2 days, that would be extremely bullish. We entered another short-term short position in the URPIX(short-SPX) yesterday, but again am not expecting a strong move but should be tradeable for a few % points to the downside.

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