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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: allen menglin chen who wrote (29191)9/6/2000 6:27:05 PM
From: donald sew  Read Replies (1) of 42787
 
Allen,

I feel stupid clarifying it since it was my idiot mistake. I have CLASS 2 BUY SIGNALs on the NAZ/NDX which means its in the OVERSOLD REGION. As I have stated often a CLASS 2 BUY signal is commonly just a prewarning for a CLASS 1 signal. So I do agree that it could go lower tomorrow.

One thing I do want to stress urgency, and that is if the NAZ is down strong again and closes near the intraday lows, then we may be getting a 3 BLACK CROWs formation which does nto occur often but is very reliable. Right after a 3-BLACK CROWs, it is common for a bounce before the selling resumes. So it doesnt mean we go straight down. Im not saying we will get it, just that if it does occur, caution should be taken.
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