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

To: donald sew who wrote (6758)	5/2/2001 1:35:41 PM
From: ALTERN8	Read Replies (1) \| Respond to of 52237

Donald, When and how do your 3 day patterns begin? Thanks

To: donald sew who wrote (6758)	5/2/2001 2:31:56 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 52237

Donald many market participants take the Social Security Funds as a given and run ahead in anticipation of a positive comity decision by several months. Comparing this market to last years levels we are at the same insanity as before if one will compare fundamentals. As an example PCLN has proven a losing money business model and it trades as if they are earning 50 cent a year, after all they are a cyclical business. EBAY more than doubled with in a month after proving that they may be marginally profitable. SUNW, JDSU or CSCO earns like a grocers 2% of sales but trades at 60 times earnings ....... and the list goes on. Sector rotation is so fast that one can barrely follow. Retail, Gambling, Energy and Treasury bonds were the in thing now they are out the window. As I posted on the Clown tread momentum, short interest, sentiment and manipulation rule, P/E cash flow or even discounted earnings or earnings growth are useless to use. Conclusion the US stock market remained a momentum and day trader market manipulated by WS and the this administration as it was last year with another party in power. BWDIK Haim

To: donald sew who wrote (6758)	5/3/2001 1:23:19 AM
From: donald sew	Read Replies (4) \| Respond to of 52237

MAY 3 INDEX UPDATE ---------------------------- Short-term technical readings: DOW - borderline/pending CLASS 1 SELL, DOJI/imperfect BEARISH HARAMI SPX - borderline/pending CLASS 1 SELL, DOJI/imperfect SHOOTING STAR OEX - borderline/pending CLASS 1 SELL, NAZ - CLASS 2 SELL, DOJI/SHOOTING STAR NDX - CLASS 2 SELL, DOJI/SHOOTING STAR Per my short-term technicals the overall market is in CLASS SELL territory. However, in light of the numerous HIGHER HIGHS set today/recently, which is quite bullish, I am suspecting that the forthcoming pullback may only be normal/small in size and possibly a buying opportunity. HIGHER HIGHs were set in the following indices: NAZ BTK RUT IIX DOT NWX I am no expert on HEAD & SHOULDERs(INVERTED) formations, nor do I consider them high probability plays, nevertheless they should be mentioned. The following are the INVERTED HEAD & SHOULDERs I have noticed: NDX LEFT SHOULDER - end-FEB/early MAR around 1840 HEAD - APRIL 4 at 1348 RIGHT SHOULDER - late APRIL around 1730 NECKLINE - around 2000 TARGET MEASUREMENT - around 2600 SPX LEFT SHOULDER - early MAR around 1220 DOUBLE HEAD - 3/22 & 4/4 around 1080 - 1090 RIGHT SHOULDER - late APR around 1210 NECKLINE - around 1260 TARGET MEASUREMENT - around 1420 DOW RIGHT SHOULDER - late FEB/early MAR around 10300 DOUBLE HEAD - 3/22 & 4/4 around 9100 and 9300 RIGHT SHOULDER - late APR around 10400 NECKLINE - 10750 TARGET MEASUREMENT - 12200 Similar INVERTED HEAD & SHOULDERs for the OEX and NAZ. Some could also argue that the SOX/DOT/IIX/BKX may also have INVERTED HEAD & SHOULDERs. What is most interesting is the TARGET MEASUREMENT on the DOW which is implying NEW HIGHs. Again, in no way will I say that the probability is high for the above INVERTED HEAD & SHOULDERs to reach their TARGET MEASUREMENTs. Nevertherless I would not totally ignore the possibility of such occuring, especially in light of the numerous possible INVERTED HEAD & SHOULDERs. I also want to remind that the RUT recently formed 3-WHITE CROWs on both the DAILY and WEEKLY charts, which is significantly bullish. As for my personal mutual fund account, I closed a few UOPIX(long-NDX) positions but am still slightly net long. I did not add any new short postions. As for my trading account I am still long the gold stock and biotech positions. If/when my short-term technicals enter the mid-range, I will start to add long positions gradually in light of the recent bullishness.