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

To: Trumptown who wrote (6080)	4/20/2001 8:44:47 AM
From: donald sew	Respond to of 52237

APRIL 20 INDEX UPDATE --------------------------- Short-term technical readings: DOW - NEGATED CLASS 1 SELL SIGNAL SPX - CLASS 1 SELL OEX - CLASS 1 SELL NAZ - CLASS 2 SELL/borderline CLASS 1 SELL NDX - CLASS 2 SELL/borderline CLASS 1 SELL VIX - 28.46, lower midrange(inverse to market) VXN - 71.83, upper midrnage(inverse to market) 5-DAY TRIN - 3.80 As mentioned previously NEGATED signals can turn at any time or could last for a long time, and that my short-term technicals are of NO use. The DOW FUTURES are down strong right now, and if it doesnt change, it appears that DOW will get back to normal where my short-term technicals will become applicable. With even a small up move the NAZ/NDX will become a CLASS 1 SELL signal with the window until MON's HIGHs. Reminder - intraday signals are not as reliable as closing signals. The 5-DAY TRIN, with a reading of 3.80, is clearly in SELL TERRITORY, so it it lining up with my CLASS 1 SELL signals. However the VIX, and especially the VXN, are clearly NOT in line. Could be due to expiration week. If the NAZ is up significantly and the DOW down, will we get EXTREME SECTOR ROTATION again. Sector rotation is normal, but EXTREME SECTOR ROTATION where the DOW and NAZ goes in opposite directions for extended periods of time is not normal. Since 1998 I have been stating that EXTREME SECTOR ROTATION is an ANOMOLY which will eventually get corrected to some degree. If there is EXTREME SECTOR ROTATION the NAZ could head alot higher than most expect. Im not saying that there will be EXTREME SECTOR ROTATION, just mentioning it just in case it occurs. Yesterday I closed about half of my trading account which was highly concentrated in biotech. If the NDX closes positive or flat, I will either close or hedge my UOPIX(long-NDX) position in my mutual fund account. I will not be shorting this pullback since Im not suspecting a strong selloff, but be wait for lower buy-in for some more longs in the NDX.