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: dennis michael patterson who wrote (24445)	11/19/2001 9:18:27 PM
From: donald sew	Read Replies (8) of 52237

NOV 19 INDEX UPDATE ------------------------ Short-term technical readings: DOW - CLASS1 SELL SPX - CLASS 1 SELL OEX - CLASS 1 SELL NAZ - borderline CLASS 1 SELL NDX - borderline CLASS 1 SELL VIX - pending CLASS 1 BUY(inverse to market) NAZ NET NEW HIGHs-LOWs = POSITIVE 46 WEEKLY technical readings: DOW - CLASS 1 SELL SPX - CLASS 1 SELL OEX - CLASS 1 SELL NAZ - BORDERLINE CLASS 1 SELL NDX - CLAsS 1 SELL Athough I have gotten intraday CLASS 1 SELL signals previously, I did not get CLASS 1's on a closing basis until today. As mentioned often, intraday signals are not as reliable as a closing signal. So the window is until tomorrow's highs. In addition to the CLASS 1 SELLs on the DAILY, I also got CLASS 1s on the weekly. So the window is until next weeks highs. It is common that when the DAILY and WEEKLY class 1 signals ring at the same time the probability of a reversal increases. The market is quite bullish in price movement, so lets see if the combo of the DAILY and WEEKLY CLASS 1 SELLs can produce some selling. Normally, WEEKLY signals can produce stronger moves, but with the bullish price movement that may be an obstacle; however we should still see some sort of a pullback soon. Im still getting negative divergences in some of my short-term indicators which are hinting that some sort of a top is nearing. But it doesnt say how strong of a selloff. The NAZ NET NEW HIGHs-LOWs closed at positive 46 which is still BLAH-BLAH-BLAH, not great but also not bad.

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