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

To: Gersh Avery who wrote (2697)	3/13/2001 8:14:09 AM
From: donald sew	Read Replies (2) \| Respond to of 52237

MAR 13 INDEX UPDATE ------------------------------- Short-term technical readings: DOW - oversold region SPX - borderline CLASS 2 BUY OEX - borderline CLASS 2 BUY NAZ - CLASS 2 BUY NDX - CLASS 2 BUY VIX - CLASS 2 SELL(inverse to market) VXN - CLASS 2 SELL(inverse to market) CBOE PUT:CALL - .91 5-DAY TRIN - approximately 8.00+ If the market continues to decline I will get CLASS 1 BUY signals today with the window until WED's LOWs. Also lining up with the daily signals I also got WEEKLY CLASS 1 BUY signals on the NAZ/NDX/SPX/OEX. When the DAILY and WEEKLY signals line up this closely, it normally solidifies the signal. For a solid CLASS 1 BUY signal, the indices would need to close negative and near/at their intraday lows today. The PUT:CALL ratio is nearing a short-term extreme(buy territory) and the 5-DAY TRIN is at a whopping 8.00+(buy territory). Also my short-term technicals on the VIX and VXN are lining up to a short-term BUY. Statistically, prior to important news/FOMC announcements my short-term technicals has ended up in the midrange right before the FOMC meeting, whether if its a day or so before or right at the FOMC. Such implies that there should at least be some up-move very soon, somewhere with at least 1-2 up days, but not neccessarily strong up days. The NAZ NET NEW HIGHs-LOWs did deteriorate significantly approaching negative 300. It is a negative, but is still much higher than the negative 900 that was achieved in DEC. The futures are up now, but, I suspect, that if the market rallys without giving a firm CLASS 1 BUY signal, that rally may not last.

To: Gersh Avery who wrote (2697)	3/13/2001 9:24:29 AM
From: Lee Lichterman III	Read Replies (3) \| Respond to of 52237

Geeesh! So you are looking for triple digit SPX next on your lower tine? I have a fib target right here for a turn and then I have a weekly fork pointing to 1150 or so if I recall correctly. CNN is giving a lot of attention to this so maybe we can get a big bad bear cover story in TIME to mark a bottom. Unfortunately CNN is also still saying we are near the bottom, take a long term view etc etc. I still have no idea why Myron Kandel still has a job. He and Wolenchuk have been saying buy buy buy ever since NDX 4500. Good Luck, Lee