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

To: Challo Jeregy who wrote (10049)	6/24/2001 8:12:44 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

Yes, Challo, I saw that. Thanks for posting the numbers. If you want to explain the ratios more at some point, with some historical context, that would be great. I don't know about a washout day in the offing. That's what the complacency index I posted indicates, but that would make it too easy, I think. I find that the market defies most efforts to predict its direction. And as I pointed out, even when the index was high, there occasionally have been moves up. Your comment on the simultaneous bullish/bearish signals shows how difficult it is right now. "Quagmired in the muck," to be sure. I see bearish signs in various indexes, and in individual charts I see what you see: simultaneous bullish/bearish signals. Dennis mentioned one with a nice-looking daily chart: DELL. But if the market tanks, that could revisit its April low, I suppose. Right now, its P/E is at about 30.