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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: donald sew who wrote (21327)10/10/2001 9:00:13 PM
From: Paul Shread  Read Replies (3) of 52237
 
Don,

A few points -

First, I take it it's at least somewhat bullish that your technicals only made it back to the midrange before turning up after firm Class I sells a week ago.

Second, did you ever get monthly Class I buy signals on the indexes?

Third, all the economically sensitive sectors - banks, cyclicals, semis and trannies - were up big today, and volume was higher than yesterday, which I take as at least somewhat of a positive.

Yet that SPX chart still looks bearish... Just waiting to break down - cache.wsrn.com - I should add that none of the rising wedges have been negated yet, including that 100-point up day in the Trannies today. Wouldn't it surprise everyone to get lower lows, which is what those wedges suggest.

Thanks for the great work.

Paul
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