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

To: dennis michael patterson who wrote (40670)	1/11/2001 11:43:43 AM
From: donald sew	Respond to of 42787

Dennis, >>>> . I think long is risky here, but I know many like the feel of the tape. I cannot blame them- it feels good. But we're still just bouncing around in a downtrend. <<<< Its always good to be cautious. You are correct to say that the NAZ is still in a downtrend channel, however it did produce a HIGHER HIGH which is a CLUE - I didnt say conclusive. One convention approach would be to wait until the TRENDLINE from the SEPT PEAK is broken to the upside to become bullish, which is now around 2700. However, our DIVERGENCE INDICATOR is already hinting that the trend has changed with a slight upside bias. EDIT: Should have read HIGHER LOW not HIGHER HIGH

To: dennis michael patterson who wrote (40670)	1/11/2001 11:43:43 AM
From: donald sew	Read Replies (1) \| Respond to of 42787

Dennis, >>>> . I think long is risky here, but I know many like the feel of the tape. I cannot blame them- it feels good. But we're still just bouncing around in a downtrend. <<<< Its always good to be cautious. You are correct to say that the NAZ is still in a downtrend channel, however it did produce a HIGHER HIGH which is a CLUE - I didnt say conclusive. One convention approach would be to wait until the TRENDLINE from the SEPT PEAK is broken to the upside to become bullish, which is now around 2700. However, our DIVERGENCE INDICATOR is already hinting that the trend has changed with a slight upside bias.