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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 (28275)	8/24/2000 7:36:27 AM
From: Dave Shares	Respond to of 42787

I think with the SPX closing above the downtrend line from March to July, another close above it and the SPX goes higher. Maybe a pullback next week, but something tells me that this one will be a bear trap. If the market runs up nicely to the March highs on SPX, then there will be enough money back in (i.e. margin) so they can tank it good. I bought Dec puts when SPX at resistance, so the risk was measured. I will look to exit on a pullback or before a melt-up. They will get cheaper in my opinion. I think more squeezing to come, although I may turn out to be the contrary indicator. David

To: dennis michael patterson who wrote (28275)	8/24/2000 7:40:08 AM
From: Square_Dealings	Read Replies (1) \| Respond to of 42787

Looks like a doji on the VIX askresearch.com I noticed intraday that the time the micro-spike up on the VIX correlated with the morning downswing in the indexes. (Trying to resolve for myself what this VIX means). So does it mean if you think the VIX is turning up here that we should also expect the markets to move down? Also I notice a lot of shaking going on in gold, which leads me to believe somethings up over there. fwiw M.

To: dennis michael patterson who wrote (28275)	8/24/2000 8:39:19 AM
From: donald sew	Read Replies (2) \| Respond to of 42787

AUG 24 INDEX UPDATE --------------------- Today Im very short on time due personal issues, so will have to make it quick. BORDERLINE CLASS 1 SELL SIGNALs on the NAZ/NDX/SPX/OEX on a closing basis. On Tue they were on a INTRADAY basis which as I have mentioned before - closing basis sell signals are firmer. Moving from a intraday CLASS 1 to one on a closing basis the very next day, doesnt happen that often. Regardless it is slightly bullish and should be watched - not overly bullish where one is betting the farm. So the window is until Fridays intraday highs. If there is not at least a DOJI/SPINNING TOP by Friday, then that would be the first hint of a breakout. A break above Tue's intraday highs for all 3 (DOW/SPX/NAZ) would be bullish, but if it is only one - not that bullish, since it could just be sector rotation.