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

To: Paul Shread who wrote (26716)	8/3/2000 11:45:09 AM
From: donald sew	Read Replies (1) \| Respond to of 42787

From the surface todays early morning down-move on the NAZ does look quite bad, but the SPX and DOW were basicly flat for the same time frame and still is. Im not saying this is bullish, I am still bearish but still seeing some more upside before the real selling resumes. As negative as the NAZ/NDX was this morning, the SPX was flat after 3 days of being up slightly each day. Thats not overly bearish for the immediate short-term. It could be a short-term top or just a pause, in light of my short-term technicals for the SPX to be in the midrange. As mentioned yesterday, for the past 5 years the NAZ has not started a sustained/multiday decline when my technicals were so low, at least not yet.

To: Paul Shread who wrote (26716)	8/3/2000 12:02:53 PM
From: Electric	Read Replies (1) \| Respond to of 42787

Paul, I get the sneaky feeling that no matter what CSCO does, unless it is freaking bullish to the upside, that they sell the news.. I think we cannot say that we are finished until the big names throw in the towel too. I agree with Don, we very likely wont drop dramtically until we get a final rally. I also do not subscribe to a naz 2k, dow 9k theory. I tend to agree with the fib retracement number from the most recent highs. How about that AVCI, what a monster, 120 to 155 today.. I get the feeling we will stay here, I dont feel that we are going to drop to the lows of the day again. Good luck to everyone.