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

To: donald sew who wrote (28257)	8/23/2000 4:46:46 PM
From: shamsaee	Read Replies (1) \| Respond to of 42787

Hi Don when I wrote the post the nas was actually at -10 and just got back from watching the Patriot and see that we are up about 50 points.As far as the advance decline line goes I don't think you will ever see nyse type numbers.The dotcoms for the majority are the reason the nas a/d line not being better, which I suspect the selling is coming to an end with people,funds,institutions offloading the dotcoms for the new leaders like brcd,pmcs,brcm,pmcs,sebl,amcc etc.etc.I am not saying I agree with their valuations but some one sure does as they are either setting new highs or close to it.I know it is a narrow group but the groups that are not participating are quite beaten down and odds are they will go higher before they go lower. The Nas is also doing this without the support of the telecom stocks(Nok,qcom,etc,etc) which are beaten up and in a lot of cases near their 52 week lows,so all the bad news is built in there and a couple of better projections for the sector will ignite the whole lot. My point is that there is not much bad news out there that can take it down much more and on the other hand there is a lot of good news that can make it go. I am quite new to patterns but if you take the july high and and draw a trends line through the highs and take the july low and draw a trends line through the lows, do you see a symmetrical triangle or am I mistaken. I don't know what yesterdays volume was but yahoo shows about 1.5bil shares traded today which is higher than what we had most of last week during the rallies.I also read somewhere that August volume is traditionally low which might explain the low volume. Appreciate the feedback