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

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To: SpecialK who wrote (20592)10/3/2001 12:50:37 PM
From: donald sew  Read Replies (1) of 52237
 
SpecialK,

>>>> What are the odds of this Class 1 sell being negated? Hasn't happened in this bear market yet, and only happened in the big push of late 99 ever. <<<<

Heck if I know. I don't have any data on negated sell signals in a bear market, especially since I have only been through 1 bear market with my system. However, I would say on a purely subjective basis, that if we did get a negated SELL signal, that would be very bullish.

I did get a CLASS 2 SELL signal on the NAZ/NDX. So if the NAZ/NDX was to close at the highs and continue up tomorrow, I would probably get CLASS 1 SELLs tomorrow.

In light of the DOW/SPX/OEX getting CLASS 1 SIGNALs with the WINDOW until today's highs, if they close at/near their intraday highs, that would be a HINT of a NEGATED CLASS 1 SELL signal, and the 1st confirmation would be another postive close at the intraday highs tomorrow.

Good guess on possible CLASS 1 on the NAZ/NDX, it may get there before some sort of selling starts. Msft's strength today off of its imperfect 3-WHITE SOLDIERs looks a bit positive for the NAZ/NDX, and the NAZ HI-LOs just aint that bad.
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