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

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To: Chris who started this subject	11/6/2000 4:11:15 AM
From: donald sew	Read Replies (2) of 42787

NOV 6 INDEX UPDATE ------------------------- Short-term technical readings: DOW - upper midrange SPX - still a borderline CLASS 1 SELL signal(2 days in a row) OEX - pending CLASS 1 SELL signal(window until Fri's highs), DOJI NAZ - still a CLASS 2 SELL signal(2 days in a row), DOJI NDX - still a CLASS 2 SELL signal(2 days in a row), DOJI BTK - oversold, "3-WHITE SOLDIERS" and INVERTED HEAD & SHOULDERS VIX - 11.73, oversold(inverse to market) CBOE PUT:CALL - .57 There has been alot of discussion on the BEARISH WEDGE forming on the NDX, with the APEX arriving MON, some say TUE(close enough). The issue is that once a wedge is resolved the resulting move is commonly quite strong. Although it is a BEARISH WEDGE, the normal break should be to the downside, but there is no guarantee. At the same time of the the BEARISH WEDGE in the NDX, there are bullish issues on the DOW and the BTK(biotechs). Both the DOW and the BTK formed/completed the "3 WHITE SOLDIERS" pattern and additionally the BTK also has an INVERTED HEAD & SHOULDERs.

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