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

To: JRI who wrote (11982)	7/18/2001 10:25:55 AM
From: TechTrader42	Respond to of 52237

These are from Tuesday, so they don't have today's blood splattered all over them, remember: The S&P CI was at 35.84 Tuesday EOD, down from 36.47. It's trending down, which is bearish. Once it heads under 30, it's in oversold territory. The confirmed buy signal would be when it reverses from an oversold area. The more oversold, the better the buy signal when it reverses. The Naz CI was at 32.09 Tuesday, down from 37.2. Again, bearish. It's interesting to me that both CI's were trending down, despite yesterday's supposed "rally."