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

To: donald sew who wrote (10823)	7/2/2001 12:07:21 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

Donald: Nice going with the RUTX. What did you trade with the Russell? Beautiful signal with the engulfing bearish candle. Thanks for posting your signals.

To: donald sew who wrote (10823)	7/2/2001 12:16:45 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 52237

Early is fine. Late is always painful! I hope I can find dumplings in Budapest this week!

To: donald sew who wrote (10823)	7/2/2001 12:17:18 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 52237

Don: Nasdaq has a 61.5% probability of closing up on the day before July 4th based on history. Now on the two days following July 4th the probability is 43% and 39% respectively. Nothing to act of in and of itself but all things considered it is a weak period RELATIVELY speaking.

To: donald sew who wrote (10823)	7/2/2001 12:20:13 PM
From: Jan Crawley	Read Replies (2) \| Respond to of 52237

thats why Im never late for dinner. gggggg Don, that's cute!! But I am regretting that I was out to lunch on Friday! I sold 600 Amat at $52.66(my 600 long/700 short) and decided to buy back at $51.98(15 minutes later) as I was leaving for lunch. Amat is having problem breaking $50.

To: donald sew who wrote (10823)	7/2/2001 6:39:27 PM
From: donald sew	Read Replies (3) \| Respond to of 52237

JULY 2 INDEX UPDATE ------------------------------ Short-term technical readings: DOW - upper midrange, intraday borderline CLASS 2 SELL SPX - upper midrange, intraday CLASS 2 SELL OEX - upper midrange, intraday CLASS 2 SELL NAZ - overbought region, intraday CLASS 2 SELL NDX - upper midrange, intraday CLASS 2 SELL RUT - imperfect BEARISH ENGULFING USD - overbought region VIX - CLASS 2 BUY(inverse to market) Per my short-term technicals the overall market is in the upper midrange/borderline overbought, and on a intraday basis I got CLASS 2 SELL signals across the board. So did the reversal to the downside start today or will the market continue up so CLASS 1 SELL signals can ring. If the market continues to move down from here, that could be a negative and a hint of a stronger selloff, since in that senerio a reversal started before a CLASS 1 SIGNAL. If the market moves up I would get CLASS 2 SELLs tomorrow and CLASS 1 SELLs on THUR(WED-holiday). I had previously mentioned that there was sector rotation from the DOW into the NAZ for 10 days. It that continued the NAZ may have rocketed to the upside; however with the up strongly and the NAZ down that is a hint that the sector rotation we saw previously may be ending. The RUT sold off strongly today giving the BEARISH ENGULFING pattern, which implies further downside, but not necessarily immediately. The pattern is still intact as long as the top of todays BIG BLACK CANDLE holds as resistance. The NAZ NET NEW HIGHs-LOWs dropped significantly from over 200 on FRI to only 36. Although that is quite significant, the 200 figure on FRI was skewed by the RUT rebalancing, so I wont make that big of an issue yet, but if it continues to deteriorate that would be a significant negative. In both our website and my personal mutual fund account, I closed all of the UOPIX(long-NDX) positions, and am now just holding a small USPIX(short-NDX) position with 95% cash. In my trading account, I benefited from the RUT rebalancing and closed all of my long positions except for 1 small biotech position. No, Im not predicting a huge selloff - just like taking profits.