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

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To: dennis michael patterson who wrote (40636)1/11/2001 5:58:47 AM
From: donald sew  Read Replies (1) of 42787
 
Dennis,

Lee updates the DIVERGENCE INDICATOR, which is normally late at night. As suspected, the NAZ is right near the upper limits so a pullback from here is quite possible, although my short-term technicals have more upside room.

If the NAZ can close positive today, the DIVERGENCE INDICATOR would probably give a short-term SELL TRIGGER. However, it would be a SELL TRIGGER within a slight and narrow uptrend. So if there is a pullback now, Im suspecting that it should produce a HIGHER LOW.

Also the MAX-PAIN is limiting the upside to a 5 point buffer of the QQQ which equates to a trading range of 2200-2600 prior to expiration. Not saying that it will hit both ends, since it could oscillat in between, or hit one end and not the other.
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