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

To: Lee Lichterman III who wrote (9781)6/21/2001 1:50:49 PM
From: donald sew  Read Replies (1) | Respond to of 52237
 
Right now with the DOW up 91 I have the following intraday short-term readings:
DOW - midrange
SPX - upper midrange/borderline overbought
OEX - overbought
NAZ - upper midrange
NDX - upper midrange
VIX - CLASS 2 BUY signal(inverse to market)

If the market closes near/at the intraday highs, it would only take 1-2 days to get into CLASS sell territory if the market continues up. Going to start my small short positions either today or tomorrow, have to first see how we close.



To: Lee Lichterman III who wrote (9781)6/21/2001 1:54:56 PM
From: AllansAlias  Read Replies (2) | Respond to of 52237
 
Yes, this would appear to be the start of a lengthy rally. Only thing is, I am not holding anything because, well, I just can not get my mind around the dangers to the downside. Sentiment is still too bullish and I see many possible ugly surprises in the wings. I will continue to daytrade it using the proable wide-view scenario to go with the flow.

All the best.


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