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

To: John Madarasz who wrote (3929)	3/23/2001 1:26:38 PM
From: donald sew	Read Replies (2) \| Respond to of 52237

John, I was under the impression that techs lead to the upside, and was aware that transportation also did, specificly the truckers first. Thanks for Murphy comments. As negative as some sound since the NAZ hasnt moved up strongly, here are 2 intraday positive signs that this rally could last beyond today: 1) the SPX is leading both the DOW and NAZ to the upside. It is most common that the SPX straddles the middle of the DOW and NAZ, but when it leads both the DOW/NAZ it is commonly positive. I guess the broader market is moving up faster than the generals. In past cases this type of divergence does not last long since eventually the generals catch up. Its not 100%, and Im not saying its going to the moon, just that this rally may last beyond today, even if it is only 1 day more. Of course if the SPX reverses today, forget it. 2) The NAZ NEW HIGHs-LOWs have improve dramatically. Yesterday it was around negative 500 and right now its only negative 40. Thats a huge improvement in one day, of course the day is not over yet. So these are intraday positives and if they last till todays close, this rally could last into MONDAY and possibly a little more. Not a whole lot, since a retest of the lows also have a high probability.