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: Paul Shread who wrote (11905)	7/17/2001 4:43:52 PM
From: donald sew	Read Replies (3) of 52237

JULY 17 INDEX UPDATE --------------------------- Short-term technical readings: DOW - borderline CLASS 1 SELL SPX - CLASS 2 SELL OEX - CLASS 2 SELL NAZ - upper midrange NDX - upper midrange VIX - lower midrange If the market continues up tomorrow, I would get CLASS 1 SELL signals on the DOW/SPX/OEX, and overbought/CLASS 2 SELLs on the NAZ/NDX. It would take 2 straight up days to get CLASS 1 SELLs on the NAZ/NDX. If the DOW closes up tomorrow, that could set a minor HIGHER HIGH, but the SPX/OEX/NAZ/NDX is still a distance from setting a HIGHER HIGH, and my short-term indicators are hinting a LOWER HIGH for the SPX/OEX. Too early to say for the NAZ/NDX. Just heard that INTC came in 2cents above expectations, and INTC is up 70 cents right now. The QQQ's are right now about .30 cents after the close. They are up, but as of right now its not giving the impression of a strong up-move compared to the MSFT news last week. Per my personal mutual fund account, I closed a small portion of my UOPIX position, so my hedge is now slightly biased to the short side. If I get a firm CLASS 1 SELL signal on the DOW tomorrow, I may short it with some PUTTs.

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