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

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To: Riskmgmt who wrote (31326)	9/27/2000 6:59:25 PM
From: donald sew	Read Replies (2) of 42787

SEPT 27 INDEX UPDATE ----------------------- Short-term technical readings: DOW - borderline oversold, DOJI SPX - oversold, DOJI OEX - intraday CLASS 1 BUY signal, DOJI/SPINNING TOP NAZ - oversold NDX - borderline oversold VIX - 24.36, midrange PUT:CALL - .67 Per my short-term technicals the overall market is in the oversold region. If the overall market drops 1-2 more days, I would then get CLASS 1 BUY signal across the board, so Im targeting FRI/MON for the short-term bottom, but could start as early as tomorrow in light of the DOJIs, which indicate indecision and are common at pivot points. The VIX is still showing complacency, but the PUT:CALL ratio rose significantly and is now on the BULLISH side of neutral. I feel that this forthcoming rally should produce a LOWER HIGH, in light of the seasonality, but should still be quite tradeable to the upside. On the negative side, the SPX did drop slightly below last weeks lows, creating a LOWER LOW on a intraday basis. Keep in mind that the OEX did produce a LOWER LOW on a closing basis yesterday. I will probably be closing some short positions tomorrow or Friday.

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