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

To: Chris who wrote (26549)	8/2/2000 10:03:44 AM
From: donald sew	Read Replies (1) \| Respond to of 42787

Chris, I went back about 5 years in data, wished I had more data, and not once has the NAZ sold off strongly - Im mean a sustained decline of several day(4-6 days) while my short-term technicals are near the oversold region, where they are right now for the NAZ. Im not talking about a 1-2 day selloff, but of a major one of 5-10%+ from these levels. However, since I only had 5 years of data, I must mention that was also during the bullish years. Im not saying that the NAZ will rocket, but for my short-term technicals to get into the upper midrange, the NAZ would need 1-2 days of upside. From the upper midrange, then the possibility of sustained pullbacks increases.