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


To: dennis michael patterson who wrote (28020)8/21/2000 9:38:07 AM
From: Paul Shread  Read Replies (1) | Respond to of 42787
 
Not much strength behind the open.



To: dennis michael patterson who wrote (28020)8/21/2000 9:46:53 AM
From: donald sew  Read Replies (1) | Respond to of 42787
 
Dennis,

I just got CLASS 2 SELL signals on the SPX/NAZ/NDX and a INTRADAY CLASS 1 on the OEX. As mentioned previously I prefer the CLASS 1's on a closing basis, so have to wait to see at the close. Also CLASS 2's are commonly just a pre-warning that a CLASS 1 is a day away and dont forget the WINDOW, so for now its looks like a short-term top in the TUE/WED timeframe. If the market continues up, looks like tomorrows close would be a good time to short for our mutual fund trades, maybe even today.



To: dennis michael patterson who wrote (28020)8/21/2000 4:27:55 PM
From: Dave Shares  Read Replies (1) | Respond to of 42787
 
In addition to Carpino's call, the SPX looks very close to resistance drawing a line from the March-April congestion area through the 7/17 top, and even closer if the 3/24 high was used (I am not a good trend line drawer). It would seem logical to pull back here. Bought some SPX Dec 1400 puts at close, but may be a couple of days early.

David