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

To: yard_man who wrote (10427)	6/27/2001 6:01:14 PM
From: donald sew	Read Replies (1) \| Respond to of 52237

JUNE 27 INDEX UPDATE -------------------------- Short-term technical indicators: DOW - oversold region SPX - borderline oversold OEX - borderline oversold NAZ - borderline overbought NDX - borderline overbought VIX - midrange. Per my short-term technicals I am getting a divergence between the NAZ/NDX and the DOW/SPX/OEX. This makes it more difficult to forcast market direction. If the DOX/SPX/OEX continues down, they could become CLASS 2 BUYs as early as tomorrow and CLASS 1 BUYs as early as THUR. On the other side if the NAZ/NDX continues up they could become CLASS 2 SELLes as early as tomorrow and CLASS 1 SELLs as early as THUR. So if we do get CLASS BUY signals on the DOW/SPX/OEX, will the NAZ/NDX continue up or narrow the gap. Take a look at the last eight days on the NDX. Is that a bearish or bullish pattern. For the last 8 days the closings have been within 40 NDX points - thats tight trading. Are the last 8 days an ascending triangle(bullish) or a rising flag(bearish). For now, Im slightly more inclined to say its bearish since it is forming after a significant decline off of the early JUNE peak at 1963, and created a LOWER LOW, and still a distance from forming a HIGHER HIGH. As for the short-term, we are now approaching the END-of-MONTH rally period, so Im more incline that the overall market starts to rally later this week(could start as early as tomorrow) and continues to rally into early next week, when I should get CLASS SELL signals for the overall market sometime next week. There have been both strong bearish and bullish predictions for the current time frame - some calling for a strong selloff and some calling for a strong rally. Heck if I know, and FRANKLY SCARLET, I dont give a DAMN. gggggggggg Just going to play my short-term signals and hope they work. This stuff is getting confusing.ggggggggg May be better off rolling dumplings. As for my mutual fund account, still no change - still got the hedge with just a slight bias to the upside, and 75% cash.