SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack II - A Complete Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chris who started this subject4/18/2001 10:59:06 PM
From: donald sew  Read Replies (2) of 52237
 
APRIL 18 INDEX UPDATE
--------------------------------
Short-term technical readings:
DOW - NEGATED CLASS 1 SELL SIGNAL
OEX - CLASS 2 SELL
SPX - CLASS 2 SELL
NAZ - OVERSOLD REGION
NDX - OVERSOLD REGION
VIX - LOWER MIDRANGE(inverse to market)
VXN - MIDRANGE(inverse to market)

The NEGATED CLASS 1 SELL signal on the DOW is a very bullish sign. Negated signals basicly means that my short-term technicals are of no use and that the DOW is technically breaking out. When will the breakout end - cant tell per my short-term technicals. It could end immediately or last 1000+ points as it did in 1999. Simply put, it is very bullish for the DOW.

With the NAZ/NDX in the overbought region only, it would take 1-2 more updays before I was to get a CLASS 1 SELL signal again. Also the VIX and VXN are still not in CLASS 1 territory, such is implying that there could be more upside.

Lets also keep in mind that this is expiration week, which could also skew things.

Here are the FIBONACCI rebound levels on the NDX. I calculated them off of both the SEPT peak of 4147 and the JAN peak of 2772:
SEPT PEAK 4147-1348:
38% @ 2412
50% @ 2447
62% @ 3083

JAN PEAK 2772-1348:
38% @ 1889
50% @ 2060
62% @ 2231
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News