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

To: bob wallace who wrote (14499)	8/10/2001 11:52:26 AM
From: TechTrader42	Respond to of 52237

Thanks, Bob. I'm not surprised at the high level of complacency, needless to say. I thought here might be a brief attempt to rally (based on yesterday's action) before the market really crashed. If there was a rally, it'd be a great shorting opportunity, in my opinion at least (and I could be wrong). Complacency appears to be beginning to falter, and it'll get interesting when it really gives way, and the LT complacency indexes start to head down significantly. I'm aware of the upcoming FOMC meeting, of course, but in my system, trends last from one to two weeks, so there might even be some ST buy signals at that point. The LT complacency indexes might still be high at that point (we shall see), which would indicate that rate cuts might not be the panacea everyone expects them to be, and that the market could continue to decline. Paul has written some insightful notes about rate cuts during the '29 crash.