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


To: donald sew who wrote (33429)10/18/2000 11:56:25 AM
From: Paul Shread  Respond to of 42787
 
I was surprised to see INTC up when the market was way down this morning. Maybe the semis have been beaten up enough. COMPX seems pretty determined to finish positive, volume is higher than last week, double-top on VIX with at least one negative divergence, strong support from the bulls at COMPX 3000 and QQQ 74 with multiple positive divergences, spike up in P/C to 1.37 this morning. It doesn't mean the bulls won't lose this, but they sure have what they need to turn this thing around, if they can follow through. MSFT still the key. Hopefully we'll hold onto some fear this time, too; P/C ratio got back into the 40s pretty fast last week.