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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: TechTrader42 who wrote (16651)8/24/2001 11:41:59 AM
From: donald sew  Read Replies (3) of 52237
 
With the DOW up 200 and the NDX up 66 I have OVERBOUGHT READINGS on the DOW/SPX/OEX/NDX/NAZ. I also just got a CLASS 2 BUY signal on the VIX(inverse to market). The VIX would become a CLASS 1 if it just continues down on MONDAY.

If the market was to continue up after today with the above readings by the close, I would get CLASS 2 SELLs on MONDAY and even possibly a CLASS 1.

EDIT: Also want to mention that the NAZ NET NEW HIGHs-LOWs is not improving significantly enough to support todays rally, at least not yet.
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