Stock Attack -- A Complete Analysis Message Board

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

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To: drsvelte who wrote (25886)	7/24/2000 1:57:43 PM
From: donald sew	Read Replies (2) of 42787

Right now the NAZ and NDX have produce a minor lower low on a intraday basis, but the minor lower low also broke the UPWARD TRENDLINE from the MAY LOWS and the BEARISH WEDGE to the downside. If the NAZ and NDX closes near/at the intraday LOWs, that would be a significant negative. Thats not to say that it cant bounce, but in light of that very possible development, I suspect that the forthcoming bounce should not be that strong. If the NAZ/NDX does close near the lows I may not yet go long today in the ULPIX/UOPIX, since I still wont have a CLASS 1 BUY SIGNAL on the NAZ/NDX, even in light of todays selling so far.

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