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

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To: Jerry Olson who wrote (23974)6/1/2000 7:38:00 PM
From: donald sew  Read Replies (2) of 42787
 
JUNE 1 INDEX UPDATE
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SHORT-TERM TECHNICAL READINGS:
DOW - CLASS 2 SELL
SPX - CLASS 1 SELL
OEX - ClASS 1 SELL
NAZ - CLASS 1 SELL
NDX - CLASS 1 SELL
VIX - PENDING CLASS 1 SELL
CBOE PUT:CALL RATIO - .47
5-DAY TRIN - 5.71

With the CLASS 1 SELL SIGNALs the WINDOW is until tomorrow's highs. If the economic report is bad, the market most likely will sell off right at the open, but if the news is good the forthcoming pullback could be delayed a day until Monday, and may not be that strong.

Dont forget that GAP in the NAZ around 3200.

Well the CBOE PUT:CALL RATIO dropped again, but not alot to .47 indicating that there is still a significant number of CALLs being bought which implies little fear in the market.

Today we made the first trade in our OPTION's ACCOUNT. We are working with an STARTING CAPITAL of $10,000. Todays purchase was a small one since tomorrows news could tweak things.

The SPX is right near it downward trendline, so things could turn somewhat more bullish for the SPX for the longer-term. The NAZ's downward trendline is around 3730 so there is still some distance.

seeya
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