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

To: JRI who wrote (5689)	4/12/2001 8:43:41 AM
From: Rashid Garuba	Read Replies (1) \| Respond to of 52237

Yep.. it's part of why we love trading.. crowd behavior very entertaining to watch.. especially when the crowd is orchestrated by a few.

To: JRI who wrote (5689)	4/12/2001 8:53:04 AM
From: donald sew	Read Replies (1) \| Respond to of 52237

APRIL 12 INDEX UPDATE -------------------------------- Short-term technical readings: DOW - overbought, intraday borderline CLASS 1 SELL SPX - overbought, intraday borderline CLASS 1 SELL OEX - overbought, intraday borderline CLASS 1 SELL NAZ - overbought, intraday CLASS 2 SELL NDX - overbought, intraday CLASS 2 SELL VIX - CLASS 2 BUY(inverse to market) VXN - CLASS 2 BUY(inverse to market) Per my short-term technicals the overall market is in the CLASS SELL territory and with any upmove I should be getting intraday CLASS 1 SELL signals. As mentioned often a CLOSING signal is more reliable than a intraday signal, and if the market is up and closes near/at the highs then I could get firm CLASS 1 SELL signals across the board, keeping in mind that the window will be until MON's Highs. If the NDX is up nicely, I will be closing our QQQ JAN 03 CALL/LEAPS which we bought for 14.10 and now is approaching 50% gain. If the market closes positive I will be closing some more of our UOPIX(long NDX) positions and will add a few USPIX(short NDX) positions to establish some sort of a hedge. Havent yet decided if I will get fully hedged. For the short-term I a little less bearish in light of the NDX break above that JAN DECLINING TRENDLINE, so I may not go NET SHORT and just be hedged.