Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lee Lichterman III who wrote (25460)	7/14/2000 9:04:13 AM
From: donald sew	Respond to of 42787

JULY 14 INDEX UPDATE ---------------------- SHORT-TERM TECHNICALS READINGS: DOW - CLASS 2 SELL SPX - CLASS 2 SELL OEX - CLASS 2 SELL NAZ - CLASS 2 SELL NDX - CLASS 2 SELL VIX - 22.71, lower midrange CBOE PUT:CALL RATIO - .42 Although I did get INTRADAY CLASS 1 SELL signals previously, I never got them on a CLOSING BASIS, but now we have CLASS 2 SELL signals across the board and it will only take 1 more up day with a close near the intraday highs to get good CLASS 1 SELL signals. Therefore a short-term top should arrive today or MONDAY. In light of the recent bullishness, I am not expecting a strong selloff for this short-term cycle, but it should still be tradeable to the downside. Expiration week is commonly UP/FLAT, so although a short-term top may arrive by MON, I suspect that next week to be more on the flat side with ZIG-ZAGs and the selling to start no later than the following Mon. Again Im not calling for a strong selloff. So if the overall market closes near the intraday highs I will initiate another small short position in either the URPIX of USPIX, and will add to it next week if it continues up.