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

To: dennis michael patterson who wrote (7239)	5/8/2001 8:32:02 AM
From: donald sew	Read Replies (2) \| Respond to of 52237

MAY 8 INDEX UPDATE ---------------------------- Short-term technical readings: DOW - overbought region SPX - upper midrange OEX - upper midrange NAZ - midrange NDX - midrange From this point the upside in the DOW could be limited, but the NAZ/NDX , with a midrange reading, has plenty of upside potential room, if the market continues up. Statistically, the week after expiration is normally a weaker period, but so far the market has been flat, which could be interpreted as somewhat bullish. Previously I had mentioned the various INVERTED HAMMERs in various major indicies and that pattern is still intacted. My personal mutual fund account is now basicly flat, and about 90% cash. As for my trade account, I am still significantly long biotech and gold, with a small position in a small-cap hitech.