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

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To: Jack T. Pearson who wrote (38083)7/17/2002 3:39:34 PM
From: Terry Whitman  Read Replies (1) of 52237
 
Day aint over yet. <g>

Can't blame folks for selling a gap up like this morning's. The right thing to do for the past 4 months has been to sell 'em. Trends change, however.

Today looks like a textbook 'churning' day. Heavy volume, and little net change. When that happens- a change in the ST trend is generally in the making.

We do have a series of higher lows over the last 2 days. Not much to hang your hat on though. I'd like to see VIX drop beneath the RSL on the daily (around 32-33 at present) to get real bullish. It's still hanging up there in the 40 range, unfortunately..
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