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


To: donald sew who wrote (28923)9/1/2000 2:04:56 PM
From: Peace  Read Replies (2) | Respond to of 42787
 
Don,

Keep in mind that the NDX has essentially been rallying for 3 weeks now and has gained over 600 points. The rally lost steam today because we had a huge up day and there is some profit taking. Also a lot of folks headed out to enjoy the long weekend. Even though we had a huge up day yesterday P/C ratio has climbed from yesterday's .43 to .54 as of 2Pm today. There will probably be some more profit taking next week but my guess is we will not see any significant decline and we will take out the July highs convincingly sooner rather than later.

Peace



To: donald sew who wrote (28923)9/2/2000 11:17:18 AM
From: Casaubon  Read Replies (1) | Respond to of 42787
 
Don, if you do such a statistical analysis, it might be useful to subdivide the results into several categories. In my opinion the following categories might bare different results:

1) narrow width spinning tops (near doji) and doji
2) rickshaw and high wave doji (possibly portentous of reversals, IMO)
3) gapping doji