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

To: donald sew who wrote (28151)	8/22/2000 1:09:37 PM
From: James Strauss	Respond to of 42787

I feel that the PRIMARY TREND is a trading range. A higher high has not yet been produced in the NDX/NAZ. I realise that you only look at the higher lows, and disregard the lack of HIGHER HIGHs. Once Higher Highs are produced then I may agree with you, until then it looks like a trading range. Don: Note the rising 200 day EMA on the SPX in this 1 year chart... chart.bigcharts.com Also note the price patterns above the SAR... As a contrast, here is a 10 day chart... chart.bigcharts.com We can also see the price patterns primarily above the SAR... When a long term chart and short term chart are in sync, you usually have a pretty good indication of the trend... I'll agree that we've been in a trading pattern, but we now have a market event (End Of Rate Hikes), that will push the market up higher in the direction of the primary trend and through resistance to higher prices... This scenario unfolds over time... We get glimpses in the short term charts, but verification in the long term charts... Nasdaq New Lows have been under 100 for almost a week now... finance.yahoo.com A further sign that selling is drying up... Jim