Stock Attack II - A Complete Analysis Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chris who started this subject	6/4/2001 6:18:38 PM
From: donald sew	Read Replies (2) of 52237

JUNE 4 INDEX UPDATE -------------------------- Short-term technical readings: DOW - upper midrange SPX - midrange OEX - midrange NAZ - lower midrange NDX - lower midrange VIX - oversold (inverse to market) USD - upper midrange Per my short-term technicals, the overall market is in the midrange. The minimum requirements of last weeks CLASS 1 BUYs have been fulfilled. Over the weekend, I mentioned that the probability for the NAZ is very high that the MONDAYS should either follow the same direction of FRIDAY or be flat(+/- 20 NAZ points). I did not do the study for the DOW or SPX. With the NAZ being flat today, such is following the pattern. In certain cases I took the pattern to the 3rd day. There were 4 instances FRIDAY was up and MONDAY was FLAT, and not with a CLASS signal. Of those 4 instances where FRI(up)-MON(flat), TUE was up 4 out of 4 times. This is not statistically viable since there is not enough patterns, and I would not put any money behind it - just want to mention it since it was 4 for 4. AGAIN - It is not statistically viable and should only be considered casual talk. Just something to watch to see if it is a viable pattern and if it occurs a few more times, I may extend my reserch. No new trades today so my personal mutual fund account remains at 25% long in the UOPIX with no hedge. If tomorrow closes up, I will start to take profits. I am still holding onto the JUN 110 calls which I bought at 1.30 and as of todays close is up about 26%. Since it is an option I will try to close it this week and possibly as early as tomorrow. Still holding onto my small cap and biotech. Significant cash in both mutual fund and trading accounts.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next