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

To: Lee Lichterman III who wrote (25074)	7/9/2000 1:30:41 AM
From: John T.	Read Replies (1) \| Respond to of 42787

Geez, L3, that's a complicated looking chart. I've been studying it for the last 15 to 20 minutes. Although its not labeled on your chart, I assume that the green line represents the difference between new highs and new lows on the NASDAQ. I see you've created a MetaStock Expert and attached it to this file (the red frowning face in the lower right hand corner). Your expert has placed a blue diamond over Friday's value. That blue diamond seems to show up at turning points. Your momentum indicators appear to be overbought. Does your chart indicate at least a short term down move in the NASDAQ? Heck, L3, that chart is just too darned complicated! <gg> It's giving me a head ache.

To: Lee Lichterman III who wrote (25074)	7/9/2000 10:02:58 AM
From: Les H	Read Replies (1) \| Respond to of 42787

Yours works like the Advance-Decline Oscillator which Marketgauge used to provide free. I have it on my AIQ charts. Unfortunately, there's a split between the Nasdaq and the NYSE. A/D line is only improving on the NYSE, and steadily falling on the Nasdaq, DJIA, NDX, and OEX. The AIQ market log tracks expert signals in the database. Because of the split market, I've started tracking by three levels: the general market of stocks over 10 and 100,000 ADV, the S&P 100 (OEX), and the Nasdaq 100 (NDX). The Nasdaq 100 market log is at a caution level of 71 % unconfirmed sell signals. The general market and the S&P 100 are in the upper midrange at 62% and 60% sells, respectively. So, although the Nasdaq 100 may be close to a sell at 80% and may perhaps reverse intraday Monday or at the open Tuesday if Monday is continued followthru, I need the general market to be higher for a strong sell. I've only been splitting them up for the last three weeks. My last signal for the Nasdaq 100 was at the close of Thursday June 29 when 80% of the signals for the stocks in the index were buys.