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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (40651)	8/28/2001 8:37:00 AM
From: Dealer	Respond to of 65232

From Donald Sew: Monday, Aug 27, 2001 11:11 PM AUG 27 INDEX UPDATE -------------------------- Short-term technical readings: DOW - upper midrange SPX - upper midrange OEX - upper midrange NAZ - upper midrange NDX - upper midrange SOX - over bought VIX - oversold NAZ NET NEW HIGHs-LOWs = NEGATIVE 10 Since the market was slightly down today, the soonest I would get CLASS 1 SELL signals would be on WED, if the market moves up from here. Not predicting what the market will do tomorrow, just saying "if". The FRIDAY-MONDAY effect worked again with the NAZ being flat(+/-20 pts). There were not significant negative to report; however there was one positive. The SOX did set a MINOR HIGHER HIGH. The SOX have been a reliable leading indicator for the NAZ/NDX for months with one exception a few weeks ago. So far the BTK and SOX has set HIGHER HIGHs, so there are positive hints for the market down the road, but I would not consider them to be conclusive yet. Last week I mentioned that the rally after the CLASS 1 BUY should be with oscillations with a slight incline, and so far it is following suit. The NAZ NET NEW HIGHs-LOWs was negative but is not showing any negative or positive divergences/hints, at least not yet. Again, the market is approaching the END-of-MONTH RALLY timeframe, so I suspect that there could a little more upside and that the LOWs of last week should hold for this week. Still calling for oscillations whether intraday or day by day.