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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (1985)3/5/2001 2:26:25 PM
From: donald sew  Read Replies (2) of 52237
 
Paul,

The NAZ NET NEW HIGHs/LOWs are still improving. Last THUR it was around negative 160, then on FRI negative 101, and right now at negative 32. Not that it cant reverse negatively, but for now its a clear improvement.

One problem is that many may be expecting explosive moves immediately to the upside, which have been common in the past. So if its not explosive upwards, some may consider it as weakness. Maybe its changing now to an slower/up-grinding pattern rather than the explosive "V-SHAPE" moves to the upside.
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