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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject	9/7/2001 12:24:42 AM
From: Sam Raven	of 1567

We we have reached the oversold mark on the screened stock ratio moving average, the next up tick from here would be a buy signal. Since the NASDAQ has used 1700 for highs and lows in April it looks to me to be support. But yet again, with weak internals and very weak screened stock ratio, it is best to sit out (or be short) another day and let this market action run its course. The screened stock ratio broke its down side record again today at 25.5 to 5.3 favoring selling. Market risk remains high, "lite" mode day. Pretty much the same strong stock groups, but the energy stock made the best ground as a group. Longs to watch for Friday: ABS, ACS, AMGN, BAX, HRL, SRE and UDS. Good Trading!! Sam savvy-trader.com

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