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

To: Chris who wrote (23828)	5/31/2000 10:24:00 AM
From: dennis michael patterson	Respond to of 42787

Favors and Don Sew see a ST top here. I may short something.

To: Chris who wrote (23828)	5/31/2000 10:30:00 AM
From: donald sew	Read Replies (1) \| Respond to of 42787

Chris, I would agree that it would be a positive if the NAZ could close above the 21 DMA and stay above it for a few days. Per my INDEX UPDATE of MAY 27, I mentioned that the 21 DMA has been resistance for the recent rallys. Since I was eyeballing it when I wrote it I mentioned 1550 as the 21 DMA, but its closer to 1500. If you check the previous short-term upswings the NAZ did break and close above the 21 DMA, but the next day it pulled back below the 21 DMA and thereafter continued to sell off. Since my short-term technicals are so close to a CLASS 1 SELL signal(one more day) and that the NAZ is close to the 21 DMA, I am more inclined that the NAZ will pull back in a day or 2, and could be as early as today. seeya