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

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To: Paul Shread who wrote (34698)4/23/2002 5:56:57 PM
From: TechTrader42  Read Replies (1) of 52237
 
The SPX fell just under support at 1099.41. To some, that would have been a short signal. The Dow held above support at 10,057. The NYA held above support at 582, where the 200 SMA is. The Naz broke under support at 1724.

It should be an interesting week. If there is a bounce near all these support levels, it remains to be seen how long they'll last. Earnings reports could help swing things in either direction.

AOL, T, WCOM, AMGN and many others, report this week.

With the complacency indexes, there's room to move in both directions.

ST Naz CI: 66.159
MT Naz CI: 53.779
LT Naz CI: 78.710

ST S&P CI: 29.888
MT S&P CI: 28.976
LT S&P CI: 70.498

They closed down from yesterday's values.
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