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


To: Paul Shread who wrote (794)2/22/2001 3:14:20 PM
From: dennis michael patterson  Respond to of 52237
 
SOLD EMC at 40 QQQ at 51.6 Shorted QQQ for 3/4 of a point

Close sucks



To: Paul Shread who wrote (794)2/22/2001 3:28:26 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 52237
 
Wonder what Ed Downs will say tonight



To: Paul Shread who wrote (794)2/22/2001 4:02:55 PM
From: donald sew  Read Replies (2) | Respond to of 52237
 
Paul,

>>>> where do we need to close today to avoid possible negated Class I Buy signals? <<<<

Confirmation of a negated signal doesnt come until the day after the buy-in day. Today was the buy-in day. However, based on statistics the buy-in day should at least close off of the lows with a black spinning top/lower shadow. The DOW/SPX/OEX are closing with LONG LOWER LEGGED DOJI's and the NDX/NAS also has a significant enough lower shadow, so no hint of a negated signal yet. These LONG LEGGED DOJI's/DRAGONFLY DOJI's are common at short-term bottoms, however the NAZ/NDX/RUT did not get them.