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

To: Paul Shread who wrote (33609)	10/19/2000 11:31:48 AM
From: donald sew	Read Replies (2) \| Respond to of 42787

I just got borderline CLASS 2 SELL signals on the NAZ/NDX, so they are 1-2 days away from a CLASS 1 SELL signal. If the NAZ/NDX are able to set HIGHER HIGHS then I feel that the forthcoming pullback should be small and that pullback should be bought for at least trading positions to the upside. So if the NAZ/NDX closes near the intraday highs, one possible senerio is a rally into tomorrow(FRIDAY) with and some selling to start MON/TUE and then an opportunity to initiate long trading positions toward the middle/end of next week. If we do close near the highs today, I will change my bias to flat and progressively will move to a long bias by next week after some selling. Thats based on the NAZ/NDX closing at the intraday highs and setting a HIGHER HIGH(above 3326 on the NDX). My position for the longer than mid-term(beyond 30 days) remains bearish or may change back to a TRADING RANGE position. I will not become bullish until 4147 on the NDX is broken to the upside, which would produce a significant HIGHER HIGH. Im also not ignoring the possibility that the NDX could test 4147, although I wouldnt its has good probability now. A possibility for the next few months is a trading range on the NDX of 3000-4000 approximately.