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

To: shamsaee who wrote (26727)	8/3/2000 12:17:43 PM
From: Chris	Read Replies (1) \| Respond to of 42787

no support seen at 3500.. (my opinion).. but i do agree with your later statement about the close. good analysis by yourself and electr.

To: shamsaee who wrote (26727)	8/3/2000 12:28:05 PM
From: donald sew	Read Replies (1) \| Respond to of 42787

Shamsaee, >>>> If we do go green is that not very bullish. <<<< It is bullish for the short-term that there should be more upside for this short-term swing. As for longer-term bullishness, it would need to set a HIGHER HIGH which means significant follow-thru. When I look at the MID/LONGER-TERM, I do not make a call on 1 days action, and specificly look for HIGHER HIGH/LOWS & LOWER HIGHS/LOWS for clues in direction. As you know, I try to keep it simple, so I am quite disciplined on the HIGHER HI/LO & LOWER HI/LO issue which is a simple method to follow. As of right now there are LOWER LOWS and LOWER HIGHS which implies a downtrend. It can reverse at anytime, but until I see HIGHER HIGHs to me the market is still in a downtrend. There will be a bottom, and I wont guess where that will be, but there are methods(never 100%) which will give clues of a bottom, such as positive divergences in some of the technical indicators. Unfortunately, there are no significant clues of a bottom yet.