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

To: donald sew who wrote (26221)	7/28/2000 8:22:24 PM
From: John T.	Respond to of 42787

Paul, after looking at the charts this evening, I tend to agree with you that the Nasdaq Composite will probably fill the June 1 gap at 3585 before we get a bounce. We're only about 78 points from there. Perhaps we'll fill the gap Monday morning. The QQQ, which tracks the NDX, also left a gap at June 1. That gap was filled today. One short term bullish sign is that there is a bullish divergence on the 60-minute chart of the DOW. The DOW has made lower lows while the RSI indicator has made higher lows. This indicates that the DOW should bounce soon. The 60-minute charts of the SPX, OEX, NDX and COMPQ do not have this bullish divergence.