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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Justa Werkenstiff who wrote (16405)8/23/2001 7:41:56 AM
From: Jerry Olson  Read Replies (2) of 52237
 
Morning Justa

whats very interesting to me is the fact that the NYSE group of stocks has outperformed the NAZ for almost 2 years..right now 3 indicators i follow are bullish on the NYSE stocks...while every indicator on the NAZ/OTC has been in a free fall for awhile now...

last week..we got a buy signal on the 30 week moving average on the NYSE...stocks above their 30 week...and of course their 10 week..are in a buy signal...

the OTC is in deep trouble...so we could trade the NYSE stocks on the long side...and short the NAZ stocks at will..

almost every big cap NAZ tech stock has broken down...CSCO--EBEY--MSFT-ORCL etc etc..

these stocks are shorts..if/when they rally up..

so it's been a divided market to say the least..

regards

OJ
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