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

To: eddieww who wrote (27948)	8/18/2000 4:03:52 PM
From: Paul Shread	Read Replies (3) \| Respond to of 42787

Nice comments, Eddie. What do you make of the strength in secondary issues? That was one of the most bearish indicators for two years, the NYSE A/D line.

To: eddieww who wrote (27948)	8/19/2000 11:58:52 AM
From: James Strauss	Read Replies (2) \| Respond to of 42787

In the past few weeks we have had some very strong earnings from such as AMAT and CSCO (both sold), as well as Employment, Housing, PPI, & CPI numbers cooked to perfection, and still we can not seem to punch the compx through what should be weak residual resistance (3900-4000) established end of june to early july. This leads me to believe that july 17 was the top of the "Fed is Finished" rally, since it has been consensus opinion since the may meeting that there would be little or nothing further for the fomc to do. Good analysis Eddie... I think sentiment will turn on a dime next week as the institutions open their wallets... In 2 days we'll know... Jim