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

To: Chris who wrote (26606)	8/2/2000 2:38:33 PM
From: James Strauss	Read Replies (1) \| Respond to of 42787

Thanks Chris... I use Price Channels and Bollinger Bands in conjunction with Williams %R, Stochastics, and MACD... I also use Trendlines and Moving Averages... I agree that it looks prettier after the fact... : > But when the price is near the top or bottom of a channel and is supported by the appropriate mix of indicator signals you get some guidance... This 3 month chart of the NDX shows price at the bottom of the channel with Williams %R and Stochastics giving positive signals while MACD is still negative... bigcharts.com If we were in a stable interest rate environment I would be inclined to think we are at or near a bottom in the NDX... But, there is still the threat of another FED rate hike this month, and the Nasdaq New Lows are hinting that more bottoming is yet to come... So, I go with the old Marty Zweig adage "Don't Fight The FED", and err on the side of caution until the uncertainty about interest rates is removed... In the meantime, the Real Estate, Cash, and Biotech sectors are a good place to wait it out... Jim