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

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To: Paul Shread who wrote (2837)3/14/2001 9:13:07 AM
From: donald sew  Read Replies (1) of 52237
 
MAR 14 INDEX UPDATE
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DOW/SPX/OEX/NAZ/NDX all closed in the lower midrange per my short-term technicals.

As mentioned in a post yesterday, when the DOW was down 100 points yesterday I got INTRADAY CLASS 1 BUY signals on the SPX and OEX, and only borderline INTRADAY CLASS 1 BUYs on the NAZ/NDX. As mentioned often, a INTRADAY CLASS 1 signal is not as reliable as a closing signal, especially in a downtrending market. With help from the NEWs from the JAPAN finance industry, it looks like I may see a firm/solid CLASS 1 BUY signal.

Also want to mention that the recent trough was about a 9% decline, and declines of 7%+ has a good probability of a retest. So wherever this short-term bottom ends, there should be a retest somewhere in the future - when, I dont know.
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