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


To: Arik T.G. who wrote (34865)11/6/2000 11:38:30 AM
From: donald sew  Read Replies (2) | Respond to of 42787
 
Arik,

>>>> It's not likely that your ST indicators will get to extreme before CSCO results and election day, it's like FOMC meetings, isn't it? <<<<

The DOW right now is only in the overbought region, so its still 1-2 days away from a CLASS 1 SELL.

Looks like the "3-WHITE SOLDIERS" on the DOW is kicking in at the expense of the NAZ - EXTREME SECTOR ROTATION again.

When I started watching the divergence between the DOW and the NAZ, the normal extreme divergence was just slightly above 100 with the max around 200, back in 1996-1998. After 1998 we were seeing divergence of more the 300 points +.



To: Arik T.G. who wrote (34865)11/6/2000 11:44:57 AM
From: adcpres  Read Replies (1) | Respond to of 42787
 
I wouldn't get too excited about the NAZ poking its head above and below the wedge trend lines -- its going to tease us today. After all, we are near the apex in a very tight range so unless the breaks with the trend lines are 10-20 points or more, I will not get excited. Nothing big is going to happen today unless some news comes out to spook the market or drive it. CSCO CSCO CSCO that's what we have to wait for. To be in cash or not to be in cash at the close -- that is the question. GH