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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: TechTrader42 who wrote (11983)7/18/2001 11:05:32 AM
From: donald sew  Read Replies (3) of 52237
 
Brookelise,

>>>> Do you think you'll be seeing some buy signals in the Naz and S&P before the week is out? My complacency indexes are in oversold territory (but with no buy signals so far). I wouldn't be surprised to see a bounce back up soon. <<<<

We could always get an interim bounce within a downtrend. Concerning my short-term technicals, right now they are in the midrange/upper midrange near overbought still. So to get a buy signal, even only a CLASS 2 BUY by FRIDAY, it would require the market to sell of quite hard 3-DAYs in a row.

Yep, CNBC was still bringing up the topic of summer rally. Giving the impressing that they are trying to push the market up. They have been mentioning the SUMMER RALLY often recently, but I have not heard them once mention, recently, that MAY-OCT is statistically the weakest 6 months. It would give more credibility to them if they were to speak about both issues(bullish and bearish) at the same time.
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