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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Chris who started this subject7/31/2001 10:21:30 AM
From: donald sew  Read Replies (2) of 52237
 
JULY 31 INDEX UPDATE
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Right now at 10:15am(TUE) with the DOW up 114 and the NAZ up 15, the short-term technical readings:
DOW - oversold/borderline CLASS 2 SELL
SPX - borderline CLASS 1 SELL
OEX - CLASS 2 SELL
NAZ - oversold
NDX - oversold
VIX - pending CLASS 1 BUY(inverse to market

As mentioned often closing signals are more reliable than intraday signals. If the market continues up, we should get CLASS 1 SELL signals tomorrow.

Yesterday, I did get an INTRADAY CLASS 1 SELL signal on the SOX, but not on a closing basis. Again, intraday signals are not as reliable, but for now yesterdays highs on the SOX are still holding, although just slightly. If the SOX can close at the intraday highs today the SOX will have a CLASS 1 SELL on a closing basis.
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