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

To: donald sew who wrote (34241)	10/27/2000 12:17:22 PM
From: donald sew	Read Replies (1) \| Respond to of 42787

Got the NEGATED CLASS 1 SELL SIGNAL on the DOW. Negated signals basicly means a technical breakout and also means that my short-term analysis for only the DOW is now useless. The breakout could end as fast as today/tomorrow or last for a month. One example of the DOW negating a CLASS 1 SELL signal is back in APRIL 1999 where the DOW ran from about 10000 to 11000+ in about 3 weeks, so that NEGATED CLASS 1 SIGNAL produce over 1000 DOW points. During that same period the NDX dropped about 300-350 points, so that huge rally in the DOW was clearly at the expense of the NAS/NDX. Keep in mind that for the last 1.5 years, the trend has been EXTREME SECTOR ROTATION where an strong rally in one main index was at the expense of another index. That has been the trend, in case the DOW continues to ROCKET. So Im not sure it would be wise to become overly bullish for those who are mainly in HiTECH stocks, if the DOW continues to move up.