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


To: robwin who wrote (13364)8/1/2001 11:00:17 AM
From: donald sew  Read Replies (2) | Respond to of 52237
 
robwin,

>>>> Manipulation is right...wish they would have told me earlier, would have stopped mep from buying SOXX August puts until they ramp it up over 620 again...i have to hold tight this morning and hope the rally fades (which it should) in the afternoon.. <<<<

In one of my recent updates, believe it was around last weekend, I noticed that the SOX was leading the NAZ/NDX, but the NAZ/NDX continues to lag the SOX. For months the SOX has been a reliable leading indicator, but started to notice that it may be changing. For example the SOX right now is significantly higher than yesterday, while the NDX right now is only about 12 points higher than than yesterdays highs. With such strong news on the SEMIs, the NDX is only a few points higher than yesterday's highs.

If the NDX doesnt start selling off today and doesnt move up alot more(small candlestic body/doji/spinning top) it may be setting up for an EVENING STAR.