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


To: Challo Jeregy who wrote (14648)8/10/2001 7:29:09 PM
From: jeffsthoughts  Respond to of 52237
 
Challo, I'm not a student of ADX either, but I took a look out of interest, and the problem I see is that if you narrow down the time frame, you see them going the other way. I noticed that you used 30 minutes:

Here is the 10 Minutes chart:

stockcharts.com[h,a]haclyymy[pb50!b200!b20][vc60][iLl14!La12,26,9!Le12,26,9]

Seems like it all depends on the time frame. Do a 1 Minute chart and they are both pointing down!

Jeff



To: Challo Jeregy who wrote (14648)8/11/2001 9:46:05 PM
From: Challo Jeregy  Read Replies (1) | Respond to of 52237
 
Interesting observations this week-end here on SI and other chat rooms I frequent-
I have never seen so many bullish expectations-

everyone is expecting a rally this week. ok, but what kind of rally?

                  close                  max pain

djia         10416       105/106 (options - can't remember symbol)

spx         1190                      1200

nasd       1956                     2000/2040

qqq         40.28                        42ish

msft        65.52                       65

dell         26.91                      25/27.5

intc         29.95                       30


then, we have cybersavvy's beautiful chart (thanks cyber) -

rain.prohosting.com

showing a bearish descending triangle

chartpatterns.com

see bottom chart on this page
mjollnir.freeyellow.com

that gives us about 10 points(ok, maybe 15 considering the other indices) on the s&p, 40 to 80 points in the nasd,
100 or so in the dow, 2 points in the q's. Ok, I'll take 'em, but then what?

this week will have to stay pretty choppy to keep us in this range til Friday.

History shows that usually the first couple of days after options expiration is down.
And don't forget, - new moon on the 19th <ggg>

I expect a LOT of volatility this week.