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

To: TechTrader42 who wrote (11396)	7/11/2001 3:58:13 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Here's a chart of '87: charts.barchart.com I normally don't take these things seriously myself, but things rarely line up this perfectly. Which in itself is probably a reason for us to bottom right here. ;-)

To: TechTrader42 who wrote (11396)	7/11/2001 4:07:07 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

TRINQ looked good today but TRIN did not. Go figure.

To: TechTrader42 who wrote (11396)	7/11/2001 4:14:24 PM
From: donald sew	Respond to of 52237

JULY 11 INDEX UPDATE ------------------------------ DOW - pending CLASS 1 BUY SPX - pending CLASS 1 BUY OEX - pending CLASS 1 BUY NAZ - pending CLASS 1 BUY NDX - pending CLASS 1 BUY With all the major indices closing off of their intraday lows, that is a hint that the CLASS 1 BUY signals have a fair chance of working. As mentioned previously, I am not expecting a strong rally which should result in LOWER HIGHs. I noticed 2 possible negatives for this forthcoming rally: 1) The DOW was up nicely and the NAZ was up slightly, but the SPX closed slightly negative. Normally the SPX trades in between the DOW and NAZ. If the SPX continues to lag the DOW/NAZ, I would consider it as a negative since it would imply that this rally is not broad based. 2) The NAZ's NEW HIGHs was 59, but the NEW LOWs was 143, again implying that this rally may not be broad based. Im not predicting that it wont improve, just stating that if the NEW HIGHS-NEW LOWs do not improve immediately, that would be confirmation that this rally could be weak. In my personal mutual fund account, I made no trades and am still 100% cash. In my trading account I had a limit order on GLM at 16.15, but never got filled - DARN, LEE is wearing off on me. gggggggggg Well, looks like I will not be playing the long side at all for this short-term rally, but once my short-term technicals get into the mid-range, I will start to add short-positions, in light of the recent negativity. Well, guess Im going to have to roll dumplings for the next few days.