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

To: Challo Jeregy who wrote (28605)	8/28/2000 10:42:14 PM
From: da_cheif™	Read Replies (2) \| Respond to of 42787

challo....cyclic forces should play some havoc for the next few days...there was a minor cycle hi due on monday...cycle lo due on wed the 30th...a high on sept 5 anda low on the 12th....for tues my hourly model is vulnerable till 255pm est....mondays advance caught many by surprise because of the doji and the vix and the 5 day arms and the %volume indicator which went out friday seemingly promising a monday decline...if you notice most of the time when the dow is closed at the bottom of the last hour of trading the next day you get an advance..sometimes rite from the opening...mon saw the nas comp bang into its%75 resistance...the sox is rollingover after banging it's 75% resistance on fri..as is the cboe internet index.this is a negative.....on the positive side the nas 100 is holding above its prior 75% resistance ...the telecom index is starting to rise out of a neet hole...the wilshires got room on the upside along with the oex....market vanes bullish consensus rose 7 to 46% on mon...we view this as a directional indicator...put call ratios remain high...135% for the combined indexes 464% on the runoff.....for the dj 391%...lotsa poots thats for sure....the recent slow advance allows the dows 12 hour rsi to get oversold quickly on any decline...a plus....the dow is in the midst of an advance to the upper trendline of an expanding triangle near 12300....gaps is the spt sp above the market should act asa magnet....weve been long the spt spooz from 1447...bot summore at the close because of the bottom tic close of the dow...but we have some nyfe shorts out to cushion any blow...and possibly pic up a scalp on the down side...until my hourly model bottoms at 255est thats about all we can do for tues...