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


To: donald sew who wrote (34200)10/27/2000 6:24:28 AM
From: George Mc Geary  Read Replies (1) | Respond to of 42787
 
Donald, What do you know about a Tail Stock ?
As I understand it is represented on a chart as a long line or candle, where the daily high/low is greater than the last 15 trading days high/low and the close is within 75% of the daily high. This as I understand is a good indication of higher prices in the near future. Can you add to this hypothesis. Take a look at SDLI as an example.

Hope all is well with you and your family. My best to all of you.



To: donald sew who wrote (34200)10/27/2000 9:19:30 AM
From: Debra Orlow  Read Replies (1) | Respond to of 42787
 
....all MAJOR BOTTOMs were made with the the 3 major indices(DOW/SPX/NAZ) in the extreme oversold region(CLASS BUYs) per my short-term technicals. There was not 1 exception; however it is also not statistically viable since we have not had 30 major bottoms since 1996.

Don, could you estimate how many? I know that statistically it won't be enough to satisfy the 30 requirement, but I was just curious if it was only a couple or upwards of 20.

TIA, Debra



To: donald sew who wrote (34200)10/27/2000 9:28:16 AM
From: Les H  Respond to of 42787
 
Also have three outside days on the DIA indicating a change in trend is imminent. UTH just fell out of a three-week coil (three weeks of inside weeks).



To: donald sew who wrote (34200)10/27/2000 10:45:18 AM
From: Paul Shread  Respond to of 42787
 
I think yesterday was the first time we had a divergence in favor of the COMPX (higher low) over the NDX (lower low). Don't know what that means, but I figured I'd point it out. I agree with your call on bear flags/pennants; sure looks that way to me. Also, we have flat-line support (3000) on the COMPX; that means buyers could dry up there eventually.

No major earnings for the next couple of weeks, not until CSCO on 11/6. Nothing to keep us from rallying here, except for maybe the jobs report next Friday. We rallied under the same circumstances in August.

In short, still looks like a mixed picture to me.