Stock Attack -- A Complete Analysis Message Board

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

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To: Paul Shread who wrote (35335)	11/10/2000 4:17:01 PM
From: donald sew	Read Replies (2) of 42787

Paul, Although the NDX did break below the LOWER TRENDLINE of the BULLISH WEDGE, the NAZ NEW LOWs is still around 200. It did increase a little but still is a positive divergence. Unfortunately, the MACD did produce a minor LOWER LOW, but still above the early OCT levels, so it could be argued whether the positive divergence in the MACD is still intacted or not. Got CLASS 1 and borderline CLASS 1 BUY signals on the NAZ/NDX/SPX/OEX, so the window is until MONDAY's LOWs. During this afternoon, CNBC mentioned several times that the floor traders are looking for 2850 on the NAZ before a bounce. Maybe some selling first in the morning, then a snapback.

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