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

To: Arik T.G. who wrote (13366)	8/1/2001 9:38:07 AM
From: Paul Shread	Read Replies (4) \| Respond to of 52237

Trend exhaustion is also a possibility, just in time for the full moon/Bradley turn over the weekend to be a strong one. I'd rather see Class I Buy signals on Friday based on the way the cycles are lining up. Class Sell signals heading into the turn would not be encouraging for the long case. Also, leading stocks like CSCO and MSFT look weak (CSCO's earnings next Tuesday should cement direction one way or another) and sentiment is pretty giddy. Not supporting factors for the bullish case. A trendline break would just about suck the last spare cash out of J6P's Ameritrade account. And we have intraday rising wedges or bear pennants off the recent lows, which seem to target the lower wedge boundaries on the COMPX and NDX. A better entry point if we get there. All JMHO...

To: Arik T.G. who wrote (13366)	8/1/2001 11:09:27 AM
From: donald sew	Respond to of 52237

ARIK, >>>> If the indices manage to climb marginally higher today that would complete a EW impulse from the bottom, and the NDX would clear the upper bound of the wedge, implying that the pullback from your Class 1 sell should be vigorously bought. What I mean is if we get a firm Class 1 sell it would indicate a strong market, as it usually does, with support from other TA. <<<< You are correct, although Im not so confident yet of buying vigorously on the next pullback. There are some bullish issues like the NAZ NET NEW HIGHs-LOWs, and the SOX setting higher highs. I think the KEY to watch now is MSFT which is down slightly in light of the SOX's strong runup.