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 (17659)	9/4/2001 6:42:55 PM
From: Justa Werkenstiff	Read Replies (2) of 52237

Don: Like I said last week, it seems like March/April all over again. At the end of March we had a couple of down days and a pause to refresh on the last day of March -- a Friday -- just like we did last Friday. Selling resumed as we turned to April for three days. Just for fun, FWIW, I tracked down your readings for April 3rd market a day before the April 4th bottom. Interesting, they look similar to your reading today except for the Vix and the trin. NOTE the TRIN read for that day --was over 3.0!!! By Donaldsew on Wednesday, April 04, 2001 - 08:55 am: Edit APRIL 3 INDEX UPDATE -------------------------- Short-term technical readings: DOW - oversold region SPX - oversold/borderline CLASS 2 BUY OEX - oversold/borderline CLASS 2 BUY NAZ - borderline CLASS 1 BUY NDX - borderline CLASS 1 BUY SOX - CLASS 1 BUY signal VIX - 39.33, borderline CLASS 2 SELL(inverse to market) VXN - 75.12, borderline CLASS 1 SELL(inverse to market) CBOE PUT:CALL RATIO - .99 5-DAY TRIN - 8.22(todays NYSE TRIN was a whopping 3.23) If the market continues down, I will start to get CLASS 1 BUY signals into Thur, with the NAZ/NDX hitting first. The VIX/VXN/PUT:CALL/TRIN is all lining up for some sort of a rally to start as early as tomorrow. The NDX got as low as 1390 and closed at 1399, so it is already at/slightly below my support area of 1500-1400. I added UOPIX(long NDX) today where Im now 70% cash and no more hedge position. If we get a strong down day tomorrow I will add more longs to my trading account, probably with XLK or DJX calls.

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