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

To: donald sew who wrote (37253)	12/4/2000 11:53:02 PM
From: donald sew	Read Replies (3) \| Respond to of 42787

DEC 4 INDEX UPDATE ------------------------ Short-term technical readings: DOW - upper midrange SPX - midrange OEX - midrange NAZ - lower midrange NDX - lower midrange VIX - 30.31, midrange CBOE PUT:CALL RATIO - .68 Per my short-term analysis, the overall market is in the midrange. The 2 things that caught my attention was the rise in the NAZ NEW LOWs and the break of the BTK(biotechs) below the LOWER TRENDLINE of the BEARISH PENNANT. However, the NAZ futures are up strong so lets see if the NAZ can wipe away those negative issues tomorrow. If they persists in light of a possible rising NAZ, then I would consider it as a negative and that the rally should not last much longer. However if the NAZ NEW LOWs improve significantly an the BTK can get back into the pennant that that would be positive and a hint that this rally could continue. The U.S.DOLLAR fell again which is a negative for the market, but it is approaching a short-term bottom. If the forthcoming rally in the DOLLAR is weak, then the DOLLAR may be heading lower. As mentioned previously Im watching the 112 region a break of the bullish trend to the downside. The rally in the DOW today was bullish, but the NYSE NEW LOWS were still on the higher side and exceeding the NEW HIGHS slightly at 123. Thats a bit suspicious in light of the a 186 point rally.