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Strategies & Market Trends : Market Trend Analysis from MomentuMonkey -- Ignore unavailable to you. Want to Upgrade?

To: David Lee Smith who wrote (74)	7/27/2000 3:32:32 PM
From: Stcgg	Read Replies (1) \| Respond to of 281

BEAR MARKET UPDATE - Watch Dow 10336, once below this level, the index should break below it's Spring low of 9732.. If Dow breaks up through 11000 resistance, the index should visit higher resistance at 11425.. Naz and S&P appear to have begun a 5-wave decline and are currently in wave 1 of 5 to exceed their Spring lows of Naz 3043 and S&P 1361, expect a wave 2 bounce soon.. Naz resistance is ~4200 and S&P resistance is ~1486.. >><<

To: David Lee Smith who wrote (74)	7/29/2000 1:30:07 AM
From: Stcgg	Read Replies (1) \| Respond to of 281

NASDAQ UPDATE - We're looking down the barrel of a Big Wave 3 decline which can carry the Index below it's May 24th lows.. Third waves are the longest of the Elliott Waves and the ones responsible for most crashes - It's looking more and more like the Japanese bubble a decade ago.. The Wave 1 decline took the index from it's Mar 10th high of 5133 to it's May 24th low of 3043, a decline of 2090 points.. The Wave 2 correction brought Naz back up to 4289 on Jul 17th, from which we started a Wave 3 down.. The 200ma is around 2500, a level which could easily be sliced through in a strong downdraft.. siliconinvestor.com Commercial Traders (Smart Money) have again increased their all-time high Short positions in the markets by 9731 week ending July 25th.. Commitment of Traders Data Net Quantity Long (Short) Date........Commercial...Speculator...Sm Trade -------------------------------------------------------- 6/06/2000........(37728)...........941..........36787 6/13/2000........(39805)...........187..........39618 6/20/2000........(38573).........6294..........32279 6/27/2000........(41758).........6905..........34853 7/05/2000........(43393).........6445..........36948 7/11/2000........(44272).........7364..........36908 7/18/2000........(43520)........10051.........33469 7/25/2000........(53251)........12586.........40665