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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Robert Graham who wrote (4270)12/20/1997 2:16:00 PM
From: Chris   of 42787
 
my take on the mkt:

ok.. i'll add my 1 cent remarks:

positives:
1) mkt showed some strength with the reversal
2) SOX index was up strong.. divergence.
3) naz closed above the 200 day ema (barely)

negatives:
1) my mkt direction system says red light
2) trend indicators are all down (however, they are not that sensitive to measure one day reversals)
3) head and shoulders formation for the NAZ... looks real! (bearish)
4) djia fell below the 50 day ema
5) djia has 200 day ema support at 75xx
6) asian crisis is not yet over at ALL. korea reaction to president, japanese banks/brokerage shutting down

as for monday, im not sure
but looking longer, im still cautious..

earnings period aren't over yet either.
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