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


To: donald sew who wrote (40897)1/13/2001 8:39:25 AM
From: Ibexx  Read Replies (1) | Respond to of 42787
 
Hi Donald,

Would appreciate your comments/thoughts on the following statement by Lawrence McMillan of optionstrategist.com:
[courtesy of disu]

"However, looking at history, we find that when the market is this overbought (in terms of the oscillator) and it's just beginning to rally out of a fairly nasty decline, then the overbought readings are bullish.
That is, emerging bull markets are overbought initially and may remain that way for quite some time


Message 15173834

TIA,
Ibexx



To: donald sew who wrote (40897)1/13/2001 9:43:38 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 42787
 
The Analysis of end of Day Closing prices and recommendations in
the US Stock Market, or the Den of Thieves & Swindlers

This is the most effective list, but validate signals. Results
are relative to the SPX and move relative to the SPX - Haim
see more data & info including stock charts from this scan at:
home.nyc.rr.com
and also see Today Charts who are updated every several days

Today is 01/12/01 Remember this is a computer scan only

S&P Closed 1318.55
S&P Change -8.250
P/C Ratio Slightly bearish
Recomandation Price Stoch. RSI RSI RS
Change ROC%

SELL SIGNAL ON BZF 17.500 89.406 60 -3 -13
SELL SIGNAL ON BZL 5.813 87.515 69 2 -3
SELL SIGNAL ON KLAC 39.938 82.237 57 -5 -18
BUY SIGNAL ON KYO 104.750 16.613 34 1 16
SELL SIGNAL ON COMS 10.375 86.592 53 -2 -58
SELL SIGNAL ON UNP 51.750 78.307 56 -7 -4
SELL SIGNAL ON EWH 11.688 72.216 53 0 -10



To: donald sew who wrote (40897)1/14/2001 2:29:16 PM
From: Jerry Olson  Read Replies (1) | Respond to of 42787
 
Hiya Don

just popped in after reviewing the P&F charts for the indexs...and a ton of stocks too...

i'm seeing a lot of backside bounces back up into resistance..and the index must breakout here or were going down fast...

doji's are everywhere on the indexs and the stock charts too....and of course we hit double tops and triples, on P&F...

but it looks like a ton of sellers apeared at all these R area's..mostly the 40 ema on the daily candle charts...

anyway...if we reverse down here, without a breakout now i think we are in serious trouble on the long side...

the DJIA looks like a H&S formation on the daily, with 3 time frames over head at the 20-40-200 emas as hard R...if we break 10,300 we are going right to 9700..

on the NAZ, we rallied right up to the 40 ema on the daily..sellers appeared there, it's the downtrend line too...2500 3 box reversal down from here may not be very good..any break of 2250 is death....not saying we get there...the FED is in BIG play right now...

the SOX index is the best looking of them all...there's tremendous resistance at 680..a good breakout of 700+ would make me feel better...this index is above the 20-40 ema's..it could however pullback to 625 and not break the uptrend line...

the NDX rallied up to the 40 ema on the daily and the downtrend line has held it in check all the way down...since mid Oct...it contained all backside bounces...it did break a triple top last week...but...if it does not continue up right now...any 3 box reversal down is a failure of that top..2400 is the number..

QQQ's hit a 2B top at 64...i am selling it MON, unless it breaks thru 64/65 hard...the chart has the exact same look as they all do...pretty amazing...

and almost all the stocks i trade and follow have the same look too..negative to my way of thinking unless we just pullback nicely and then reverse back up and thru these tops...

man we have been on track together...wonder if it's osmosis<G>

best to you

OJ