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

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To: Chris who wrote (8297)	5/8/1998 12:09:00 AM
From: donald sew	of 42787

INDEX UPDATE ------------------------------ All my charts are not yet updated but my initial readings are that the majority of the indexes are now CLASS BUYS to obtain at the lows tomorrow. If the economic numbers are bad, I will wait an extra day to get in (Monday). If the numbers are in line or up, I will try to identify the low of the day and go long. I am not saying that we will set new highs, since that is doubtful but I will be playing for the pop. If the numbers are in line the market will open up, but probably still sell off on a intraday basis. If the DOW goes negative 50-100 points that will be the time to initiate a long position. The upcycle which should start Monday, or could start as early as tomorrow afternoon, should last 3-4 days; therefore the next short-term down trend should start next THUR/FRIDAY. I will probably go with the OEX tomorrow if the above conditions are met. I realise that many may be looking for the big drop; that will happen soon but the probability is that it will not happen during this specific short-term cycle. Seeya

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