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

To: isopatch who wrote (12979)	7/26/2001 5:41:52 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

I've got one big LOL for you: tomorrow is the day once every three years that Commerce recalculates how it measures GDP. Don't fight the feds...

To: isopatch who wrote (12979)	7/26/2001 6:08:04 PM
From: donald sew	Respond to of 52237

JULY 26 INDEX UPDATE ---------------------------- Short-term technical readings: DOW - midrange SPX - midrange OEX - midrange NAZ - nidrange NDX - midrange VIX - lower midrange approaching oversold(inverse to market) NAZ NET NEW HIGHs-LOWs - +12 Its midrange time = flip-of-a-coin-territory. The 2 positives I noticed today were: 1) SOX - moved up strongly today and is only about 25 points away from setting a HIGHER HIGH. If the SOX continues up/sets a HIGHER HIGH, that would be a positive for the NAZ/NDX. 2) NAZ NET NEW HIs-LOs - a nice reversal from yesterday. If it can stay in positive territory and continue to improve, that would be a significant positive. Previously I got INTRADAY CLASS 2/1 BUY signals in the major indices, and as of todays close they have all met the minimum requirements. Now the question is whether this short-term rally continues. In light of the END-of-MONTH-RALLY, Im inclined to say that there is more upside. However, I am still more inclined to say that this short-term rally should establish a LOWER HIGH, unless the SOX can set a HIGHER HIGH and the NAZ NET NEW HI-LOs continue to improve. In my personal mutual fund account, as previously mentioned, I close most of my short position(USPIX) for a nice profit, leaving a very small short position(USPIX). In my trading account I did go long yesterday with a biotech stock. Unless the SOX can set a HIGHER HIGH and NAZ NEW HI-LOWs improves, I will short this rally when/if I get a CLASS SELL signal. Just playing the short-term swings, so dont ask me about rockets to the moon or crashes. ggggggggg