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To: donald sew who wrote (34121)10/26/2000 1:42:30 PM
From: donald sew  Read Replies (1) | Respond to of 42787
 
Around 1:30 the NDX hit 2969, which created a LOWER LOW on a intraday basis. The previous low on the NDX was at 2982 on 10/18.

The NAZ has yet to set a LOWER LOW, and the media mainly watches the NAZ; however it is common that the NDX leads the NAZ since it is the 100 largest NDX stocks.

The DOWNTREND in the NDX is still intacted.



To: donald sew who wrote (34121)10/26/2000 1:43:22 PM
From: Daveyk  Read Replies (1) | Respond to of 42787
 
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for robots! Nasdaq Composite Index
10/26/2000 High 3,286.29 Low 3,102.31 Last 3,105.85 Change -123.72
MACD negative, above signal line

Bullish PO(s): 10/25/2000 4450

4,450.00 | + | | 4,450.00
4,400.00 | + | | 4,400.00
4,350.00 | + | | 4,350.00
4,300.00 | + + | | 4,300.00
4,250.00 | + X X + | | 4,250.00
4,200.00 | + X O 9 O + | | 4,200.00
4,150.00 | + X O X O + | | 4,150.00
4,100.00 | + X O X O + | | 4,100.00
4,050.00 | + X X O X O + | | 4,050.00
4,000.00 | + X O X O X O + | | 4,000.00
3,950.00 | 5 + X 7 X O X O X + | | 3,950.00
3,900.00 | X O X O X O X X O X O X + | | 3,900.00
3,850.00 | X X O X X O O X O X O X O X O X + | | 3,850.00
3,800.00 | X O X O X X O X O X O X O O X O X O + | | 3,800.00
3,750.00 | X O X X O X O X O X O X O X O + O X O + | | 3,750.00
3,700.00 | X O X O X O X O X X O O X O + O X O | | 3,700.00
3,650.00 | X O X O X O X O X O X 8 X + O O | | 3,650.00
3,600.00 | X O X O X O O X X O X O X + O | | 3,600.00
3,550.00 | X O X O O X O X O 6 O + A | | 3,550.00
3,500.00 | X O X O X O X O X + O X |High| 3,500.00
3,450.00 | X O X O X O O X + O X O | | 3,450.00
3,400.00 | X O X O O X + O X O | | 3,400.00
3,350.00 | X O O X X X + O X O | | 3,350.00
3,300.00 | X O X O X O X + O X X O | | 3,300.00
3,250.00 | O X O X O X + O X O X O |Avg | 3,250.00
3,200.00 | O O X O + O X O X O | | 3,200.00
3,150.00 | O X + O X O X O | | 3,150.00
3,100.00 | O X + O O X | | 3,100.00
3,050.00 | O + O | | 3,050.00
3,000.00 | + |Low | 3,000.00
2,950.00 | | | 2,950.00
2,900.00 | | | 2,900.00
2,850.00 | | | 2,850.00


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Pretty obvious where the sell signal is on the 50 point PnF chart.We are very near that number.A break there and I think capitulation may come quick;higher VIX?



To: donald sew who wrote (34121)10/26/2000 1:48:29 PM
From: faro  Read Replies (1) | Respond to of 42787
 
Thanks Don, Much appreciated.

Faro



To: donald sew who wrote (34121)10/26/2000 3:16:35 PM
From: Casaubon  Read Replies (1) | Respond to of 42787
 
Don,

can the three day pattern have such a long tail, such as the Nasdaq today, and still follow through? (I realize there are no absolutes). Or, is it more common for the flat day to be a narrow doji/spinning top day?