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

To: donald sew who wrote (32130)	10/5/2000 6:14:32 PM
From: donald sew	Respond to of 42787

OCT 5 INDEX UPDATE -------------------- Short-term technical readings: DOW - midrange SPX - midrange OEX - midrange NAZ - lower midrange NDX - lower midrange SOX - lower midrange VIX - 23.63, midrange PUT:CALL - .68 With my short-term technicals for the overall market in the midrange, it is still in the FLIP-of-the-coin territory. It appears that the overall market is now in a ZIG-ZAGGING pattern, but with a slight incline. One slight positive I noticed today was that the SPX diverged from the NAZ and DOW to the upside implying that todays selling was not broad-based. Now Im not saying that such is all that great, just a slight positive sign. Although it is too early to say for sure, it appears that yesterday was the short-term bottom. If the economics news tomorrow is not negative, I feel that this short-term rally is intact with a zig-zagging pattern. I still feel that this short-term rally still has a chance to get to the 3600 range on the NDX. seeya