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Strategies & Market Trends : AIQ TradingExpert for Windows

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To: Jan Robert Wolansky who wrote (631)6/29/1998 9:32:00 AM
From: Les H  Read Replies (1) of 1176
 
AIQ Weekly statistics (% buys):

6/12 6/19 6/26
unconfirmed signals 70.7% 77.5% 64.7%
weighted action list 65.7% 19.4% 45.5%
point-figure breakouts 30.8% 30.8% 48.6%

All the major indices have moved above into the upper part of their AIQ trading band. End of month and holiday should be bullish this week. The trading bands for OTC, S&P 100, and S&P 500 have started trending upward; the trading band for the Dow has turned flat. If this is a false start, several poor earnings reports among the Dow stocks would be required to delay the run.

Nasdaq is looking very strong for this run. ADX/R and DMI confirm
an uptrend. The Stochastics are in overbought and confirm a strong
uptrend. The Wilder RSI is trending up.

The same condition exists for the other indices for the momentum
indicators, except ADX/R and DMI, although only the ADR/X need to
move up about 10 to confirm.

If this is the start of the run, I would expect to top out now around
end of August to early October, roughly 10-15 weeks from mid-June lows.
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