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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 (29588)	9/12/2000 4:02:49 PM
From: donald sew	Read Replies (2) \| Respond to of 42787

Dennis, Its confirmed, I have a NEGATED CLASS 1 BUY SIGNAL on the NAZ, so I added another small USPIX(short-NDX) position so Im now slightly biased to the downside. My NEGATED signals, basicly means that my short-term technicals are now USELESS on the NDX/NAZ/SPX/OEX. It could tank from here or it could bounce from here. I sure dont know. Last year I had negated SELL signal and the DOW/NAZ rocketed, but I also got a NEGATED SELL signal on the NDX a few weeks ago and it reversed the next day. So who knows. Regardless, the NAZ/NDX is weakening and if 3600(lower trendline of BIG BEARISH WEDGE on the NDX) is broken to the downside, THATS NOT GOOD for those who are long. Even though I did add to my short position today, I hope it rallys since I suspect that such rally is the one to short.