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


To: Chris who wrote (25166)7/11/2000 10:03:55 AM
From: Robert Graham  Read Replies (1) | Respond to of 42787
 
After a move up like we had, I would wait a bit. I suspect market will make at least one more attempt at a push up. This assumes you already decided on shorting QQQ's but are looking for an intraday entry. I am basing this on my observation of the SPOO and supporting evidence on the NASDAQ ND futures contract.

TRIN has been *falling* like a dropped rock and now is at 0.60. Interesting.

Bob Graham



To: Chris who wrote (25166)7/11/2000 10:40:28 AM
From: donald sew  Respond to of 42787
 
Chris,

Although the DOW is up 125 points, the NAZ is still under the point recent peak where I got the CLASS 2 SELL signal, Keep in mind I never got a CLASS 1 SELL signal.

I did get CLASS 1 SELL signals on the DOW/SPX/OEX and the NAZ re-entered the CLASS 2 SELL region.

Watch the possbility of sector rotation in the near future where money may flow out of the NAZ to fuel the DOW, or where the NAZ may start to lag the DOW. Just a possibility, not sure yet.