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: Chris who started this subject	9/4/2001 5:45:02 PM
From: donald sew	Read Replies (3) of 52237

SEPT 4 INDEX UPDATE ------------------------------- Short-term technical readings: DOW - lower midrange SPX - oversold region OEX - oversold region NAZ - borderline CLASS 1 BUY NDX - borderline CLASS 1 BUY SOX - borderline CLASS 1 BUY VIX - 29.83 intraday high, overbought region(inverse to market) NAZ NET NEW HIGHs-LOWs = 83 The DOW was up over 200 points and lost more than 75% of its intraday's gains, and the NAZ/NDX closed negative. Just not much sign of strength right now. For now the 3-BLACK CROWs are still intact, and it appears that it showed its effects today with the overall market giving back the majority of its intraday's gains. If the NAZ/NDX goes negative and closes near/at the lows, then I will a firm CLASS 1 BUY signal with the WINDOW until THUR's lows. Im not so keen about going long right now on my CLASS 1 BUY signal, unless I get CLASS 1 BUYs in all the major indices. Not much to say besides that the market looks negative. Im not saying that the market continues down tomorrow or bounces, I dont know, but I feel confident to say that being long right now has high risks, so unless one is nimble I would be cautious being long.

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