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

To: Paul Shread who wrote (12427)	7/23/2001 11:35:48 AM
From: TechTrader42	Respond to of 52237

I thought MSFT bounced nicely off support, at the lower end of the gap. Whether it can hold above it is another question entirely. If the market ends the day like this, the complacency indexes are going to be in oversold territory again. While the change in direction wouldn't be good (it would negate the current buy signals from when the indexes reversed from lower levels last week), it would be a positive sign that they're in oversold territory. As I said last week, I was still cautious because the indexes didn't reverse at levels that were all that low. For longs, it'd be nice to see them head back to lower levels and make another effort to reverse to the upside. Anyway, if the bloodshed continues today, I think I'd be getting more buy signals at about the same time Donald gets them with his system. Nothing like an ongoing commentary on whipsawed signals from Complacency Indexes Inc., huh? Complacency Inc. Specializing in small repairs in the market. Leaky indexes. Junk disposal. Long-term fixture replacements. Free support and resistance estimates and predictions.