SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (17081)8/29/2001 9:10:18 AM
From: donald sew  Read Replies (2) | Respond to of 52237
 
AUG 29 INDEX UPDATE
-----------------------------
Short-term technical indicators:
DOW - midrange
SPX - midrange
OEX - midrange
NAZ - midrange
NDX - midrange
VIX - lower midrange(inverse to market)

As mentioned when I got the last CLASS 1 BUY SIGNALS last week, I did not expect a strong rally, just oscillations with an overall slight incline. As of yesterday's close the NDX is only 56 points above last weeks lows. In light of the short-term MIDRANGE readings, there is still upside potential, so Im suspecting that we could still see some more up-movements but not alot.

There was a negative hint in the US DOLLAR per the candlestics. This pattern is not a common pattern and have not seen it mentioned anywhere. Nevertheless, I was taught that a series of DOJIs/SMALL BODIES could be a significant negative if they are moving in a certain manner. And yesterday the USD got a LONG LEGGED DOJI. Keep in mind that the USD had a strong intraday rally yesterday, but gave up all of its intraday gains. Not that the USD will drop immediately, but this is a negative candlestic sign. To negate this pattern, the USD would need to break and close above yesterdays intraday highs(the upper shadow of the long-legged doji).

Im running short on time, so will have to cut this update short.



To: Lee Lichterman III who wrote (17081)8/29/2001 11:20:09 AM
From: Casaubon  Read Replies (1) | Respond to of 52237
 
It looks like a broken broadening top which is temporally slightly more advanced than the dollar. In other words, it will lead down, as the dollar lags, before following down.



To: Lee Lichterman III who wrote (17081)8/29/2001 1:00:19 PM
From: accountant  Read Replies (3) | Respond to of 52237
 
I am looking for a beginner's Technical stock analysis book, could someone point me in the right direction

Thanks



To: Lee Lichterman III who wrote (17081)8/29/2001 2:37:18 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 52237
 
Lee, the European bank is expected to lower interest rates tomorrow. Anticipations are around 0.25% cut. Yesterday money supply in Europe rose and the dollar strengthen, it reversed after the confidence number in the US were released.

Fundamentaly the Euro is better of than the dollar but again as in everything else financial today, who cares about fundamentals.

BWDIK
Haim