Stock Attack II - A Complete Analysis Message Board

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

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To: donald sew who wrote (276)	2/15/2001 7:41:26 PM
From: donald sew	Read Replies (2) of 52237

FEB 15 INDEX UPDATE ------------------------------ Short-term technical readings: DOW - midrange SPX - midrange OEX - midrange NAZ - midrange NDX - midrange VIX - oversold region(inverse to market) CBOE PUT:CALL RATIO - .64(neutral territory) 5 DAY TRIN - 5.40(midrange) Per the short-term technicals the overall market is in the midrange. However what is not lining up with the midrange readings on the indices is the VIX reading which is hinting that the OEX is nearing a short-term top. While watching the NAZ/NDX selloff intraday, it was interesting to note that the SOX(semi-conductors) did not sell off as hard, and closed similarly. So is the SOX still leading the NAZ/NDX up some more/limit the downside(in light of the bad news from NT after hours). For months the SOX has been a reliable leading indicator for the NAZ/NDX in both direction, so lets see if it can maintain its reliability. I realise that the NAZ futures are down in light of NT, but suspecting that the strength in the SOX may limit the downside in the NAZ/NDX. Of course if the SOX also starts to sell off, that aint good, but if it doesnt selloff, tomorrow may not be that bad. Another slight positive note, was that the NAZ NEW HIGHs/LOWs improved some. Not making a big issue about it, but better than having the deterioration continue. Im still watching the 3-BLACK CROWs on the OEX. Still not sure how to interpret the OEX 3-BLACK CROWs and the strength in the SOX. In my personal account I did close half of my long positions in the UOPIX(long-NDX) and some of stock positions. I did not take any action in our website account due to time restraints. As negative as things appear to be recently, the NAZ/NDX did set HIGHER LOWs which is a positive, at least for the short-term. In no way am I saying that there will be a huge rally, but we should see if those recent HIGHER LOWs can hold.

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