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

To: Chris who wrote (7450)	5/14/2001 7:51:21 PM
From: donald sew	Read Replies (2) \| Respond to of 52237

MAY 14 INDEX UPDATE --------------------- Short-term technical readings: DOW - midrange SPX - lower midrange OEX - lower midrange NAZ - oversold region NDX - oversold region VIX - lower midrange Per my short-term technicals the overall market is in the lower midrange, which is a common reading right before important news like the FOMC meeting. If the NAZ/NDX continues to sell off I would get a CLASS 1 SELL signal in 1-2 days, and 2-3 days for the SPX/NDX. Obiviously, the outcome of the FOMC meeting can set the direction of the market, and right now the short-term technicals are not really giving firm hints of direction after the meeting. As mentioned previously, there are bullish and bearish chart patterns developing at the same time(INVERTED H&S, RISING WEDGE, ROUNDING TOP), thereby giving mixed signals. My short-term reading is still giving a hint that it could break to the downside, which would be bullish for the market. Still mainly in cash, but am considering doing a straddle/strangle tomorrow.

To: Chris who wrote (7450)	5/14/2001 10:33:04 PM
From: Terry Whitman	Read Replies (2) \| Respond to of 52237

>what sectors/areas to look into in an inflationary period?< Land, oil, gas, coal, metals, timber, paper, minerals, antiques and collectibles, red wine, gems, art.... Anything that is limited in supply and desirable to own. Dollars are not good, because they print Billions more of them every day! Invest in the ink and paper instead. <g> TW