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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (23000)	5/4/2000 12:09:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 42787

here is a chart that goes with that last post, market leadership is drying up like a warm summer day in death valley -gg- stockcharts.com

To: bobby beara who wrote (23000)	5/4/2000 1:10:00 AM
From: Chris	Read Replies (1) \| Respond to of 42787

i am still cautiously bullish.. my weekly oversold indicators are coming up.. im expecting a trading range market.. like i said in a previous post, this is our market and I'll take what i can get. i shorted qqq from 95 and covered mid 80's at lower trend channel. the lower channel line held, and time to go long to the top channel line. im not fighting the tape.. in fact, im just following my system and it has done well so far (like a trader in a closed room void of those cnbc opinions) yes. hang seng filled the gap.. however, a buy signal is close.

To: bobby beara who wrote (23000)	5/4/2000 1:12:00 AM
From: Chris	Read Replies (1) \| Respond to of 42787

dow chart held it's uptrending trendline as well. again, im not sure what it all means big picture, but i do know we reversed and held support. I hope we will confirm the reversal tomorrow. watch emlx tomorrow.. played it couple times already.

To: bobby beara who wrote (23000)	5/4/2000 1:17:00 AM
From: Chris	Respond to of 42787

some stuff from donald sew: (i hope he doesn't mind) Short-term technical readings: DOW - BORDERLINE CLASS 1 SELL signal SPX - OVERSOLD REGION NAZ - MIDRANGE/ UPPER-MIDRANGE VIX - OVERBOUGHT REGION(inverse to market) The DOW closed about 80 points above its intradays lows. I wont go that far to say its a convincing start to a rebound but it is still a hint. The short-term downside in the DOW and SPX is now limited. If the SPX was to continue down it would ring a CLASS BUY signal on THUR, but not sure if it would be a CLASS 1 or CLASS 2. The NAZ/NDX still has significant downside potential since my short-term technicals for the NAZ/NDX are in the midrange/upper-midrange. As mentioned in a previous post, the NAZ/NDX rallied strongly in the last 15-20 minutes and since the NDX only closed down 65 points. Prior to the end of day rally, the NDX was down about 180 points which qualified for a DOWN DAY-2, but with the rally where the NDX only closed down 65 points qualifed for a FLAT DAY-2, which implies that DAY-3(THUR) should be down strong. The VIX is 1-2 days away from giving a CLASS SELL SIGNAL(inverse to market), so VIX is also hinting that the market is nearing a short-term bottom. If the overall market continues down, my short-term technical would give a CLASS BUY signal in 1-2 days. So I suspect that the short-term bottom should arrive FRI/MON, if the market continues down. The CBOE PUTP:CALL RATIO was at .74 which is now showing some signs of FEAR. Its not at an etreme yet, but implying that FEAR is growing. The 5-DAY TRIN closed at 6.33. A reading at/above 6 implies a short-term bottom is near. A reading of greater than 6 can last a few days before reversing upwards. Although it is still possible for a retest for the NAZ/NDX of its lows, I am starting to become less bearish. I DIDNT SAY BULLISH, just less bearish. I am suspecting a TRADING RANGE for the overall market, rather than intensified downdrafts. seeya

To: bobby beara who wrote (23000)	5/4/2000 1:17:00 AM
From: Chris	Respond to of 42787

some stuff from donald sew: (i hope he doesn't mind) Short-term technical readings: DOW - BORDERLINE CLASS 1 SELL signal SPX - OVERSOLD REGION NAZ - MIDRANGE/ UPPER-MIDRANGE VIX - OVERBOUGHT REGION(inverse to market) The DOW closed about 80 points above its intradays lows. I wont go that far to say its a convincing start to a rebound but it is still a hint. The short-term downside in the DOW and SPX is now limited. If the SPX was to continue down it would ring a CLASS BUY signal on THUR, but not sure if it would be a CLASS 1 or CLASS 2. The NAZ/NDX still has significant downside potential since my short-term technicals for the NAZ/NDX are in the midrange/upper-midrange. As mentioned in a previous post, the NAZ/NDX rallied strongly in the last 15-20 minutes and since the NDX only closed down 65 points. Prior to the end of day rally, the NDX was down about 180 points which qualified for a DOWN DAY-2, but with the rally where the NDX only closed down 65 points qualifed for a FLAT DAY-2, which implies that DAY-3(THUR) should be down strong. The VIX is 1-2 days away from giving a CLASS SELL SIGNAL(inverse to market), so VIX is also hinting that the market is nearing a short-term bottom. If the overall market continues down, my short-term technical would give a CLASS BUY signal in 1-2 days. So I suspect that the short-term bottom should arrive FRI/MON, if the market continues down. The CBOE PUTP:CALL RATIO was at .74 which is now showing some signs of FEAR. Its not at an etreme yet, but implying that FEAR is growing. The 5-DAY TRIN closed at 6.33. A reading at/above 6 implies a short-term bottom is near. A reading of greater than 6 can last a few days before reversing upwards. Although it is still possible for a retest for the NAZ/NDX of its lows, I am starting to become less bearish. I DIDNT SAY BULLISH, just less bearish. I am suspecting a TRADING RANGE for the overall market, rather than intensified downdrafts. seeya

To: bobby beara who wrote (23000)	5/4/2000 1:17:00 AM
From: Chris	Read Replies (1) \| Respond to of 42787

some stuff from donald sew: (i hope he doesn't mind) Short-term technical readings: DOW - BORDERLINE CLASS 1 SELL signal SPX - OVERSOLD REGION NAZ - MIDRANGE/ UPPER-MIDRANGE VIX - OVERBOUGHT REGION(inverse to market) The DOW closed about 80 points above its intradays lows. I wont go that far to say its a convincing start to a rebound but it is still a hint. The short-term downside in the DOW and SPX is now limited. If the SPX was to continue down it would ring a CLASS BUY signal on THUR, but not sure if it would be a CLASS 1 or CLASS 2. The NAZ/NDX still has significant downside potential since my short-term technicals for the NAZ/NDX are in the midrange/upper-midrange. As mentioned in a previous post, the NAZ/NDX rallied strongly in the last 15-20 minutes and since the NDX only closed down 65 points. Prior to the end of day rally, the NDX was down about 180 points which qualified for a DOWN DAY-2, but with the rally where the NDX only closed down 65 points qualifed for a FLAT DAY-2, which implies that DAY-3(THUR) should be down strong. The VIX is 1-2 days away from giving a CLASS SELL SIGNAL(inverse to market), so VIX is also hinting that the market is nearing a short-term bottom. If the overall market continues down, my short-term technical would give a CLASS BUY signal in 1-2 days. So I suspect that the short-term bottom should arrive FRI/MON, if the market continues down. The CBOE PUTP:CALL RATIO was at .74 which is now showing some signs of FEAR. Its not at an etreme yet, but implying that FEAR is growing. The 5-DAY TRIN closed at 6.33. A reading at/above 6 implies a short-term bottom is near. A reading of greater than 6 can last a few days before reversing upwards. Although it is still possible for a retest for the NAZ/NDX of its lows, I am starting to become less bearish. I DIDNT SAY BULLISH, just less bearish. I am suspecting a TRADING RANGE for the overall market, rather than intensified downdrafts. seeya