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: donald sew who wrote (12364)	7/22/2001 10:38:15 AM
From: Justa Werkenstiff	Read Replies (2) of 52237

Donald: A buy signal running from Friday to Monday would be in accordance with seasonal trends. This coming Friday, there is only a 33.3% probability of an up close on the Nasdaq. This is the lowest probability day of the month and the THIRD lowest of the year with 31.3% being the lowest probability for all days. A Monday follow through would be consistent as probability is 47.1% for an up day on the 30th. After that, seasonal trends favor a rally of sorts and this would coincide with new month rally. Up day probability is at 68.8% for July 31st and going into the early part of August it is pretty strong too. With respect to the Nasdaq/ NDX, it seems as though the sell signals during the last three cycles for you have gotten weaker. In other words, rally tops have been marked by less than class ones and may have gotten weaker with each rally. I may have this wrong. Correct me if I am wrong, but if I am onto something then how do you view this occurrence in the intermediate framework?

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