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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 (1812)	3/2/2001 3:00:56 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 52237

I think it could be argued that Nazdung has already entered phase 3 of the bear. The Naz A/D line is breaking to new bear market lows. New lows are again swamping new highs. The index itself is hitting new lows, and the sentiment is quite poor on the techs. I don't think you can say the same about the NYSE. It's A/D has not broken down, DJI and DJT have not broken down, etc.. They may be disconnected in terms of their progress. Rather than the NYX being in the middle of phase 2, it is also a possibility that the NYX has completed it's bear, and is in phase 1 of a bull market- with the late weakness only a correction. The A/D has moved up past it's prior reaction high, and new highs have been exceeding new lows. If the New Lows do not surpass the new highs in the next few weeks, that would be a good indication that the NYSE and NASDAQ phases are disconnected, with the NYX in an early bull market, and the NAZ in a late bear.