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

To: sa-mule who wrote (26780)	8/4/2000 1:02:34 PM
From: James Strauss	Read Replies (1) \| Respond to of 42787

What do the market internal's look like. Thanks Sam... While price movement is subdued today, the A/D and New High/New Low numbers are looking better on the Nasdaq... finance.yahoo.com New Lows are not overpowering New Highs on the Nasdaq by the 8:1 and 4:1 margins we've seen recently... The less than 2:1 margin, while not great, shows a reduction in the ferocity of selling... A look at the market proxies:CSCO GE OEX NDX shows a lateral trading range since June... quicken.com A look at the market proxies for the past week shows the OEX and GE trailing CSCO and the NDX... quicken.com GE has been locked in a tight trading range between 48.00 and 55.00 for months... bigcharts.com It is once again near the top of a price channel that has repelled it many times in the past 3 months... With a better than 95% correlation with the S&P 500, we need to see GE close above the 55.00 area to break a 3 month down trendline... That would signal that the broader markets are ready to start moving up again... Jim