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

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To: dennis michael patterson who wrote (28275)	8/24/2000 8:39:19 AM
From: donald sew	Read Replies (2) of 42787

AUG 24 INDEX UPDATE --------------------- Today Im very short on time due personal issues, so will have to make it quick. BORDERLINE CLASS 1 SELL SIGNALs on the NAZ/NDX/SPX/OEX on a closing basis. On Tue they were on a INTRADAY basis which as I have mentioned before - closing basis sell signals are firmer. Moving from a intraday CLASS 1 to one on a closing basis the very next day, doesnt happen that often. Regardless it is slightly bullish and should be watched - not overly bullish where one is betting the farm. So the window is until Fridays intraday highs. If there is not at least a DOJI/SPINNING TOP by Friday, then that would be the first hint of a breakout. A break above Tue's intraday highs for all 3 (DOW/SPX/NAZ) would be bullish, but if it is only one - not that bullish, since it could just be sector rotation.

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