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

To: Clappy who wrote (20082)	9/27/2001 7:18:00 AM
From: donald sew	Read Replies (3) \| Respond to of 52237

SEPT 26 INDEX UPDATE -------------------------- Short-term technical readings: DOW - midrange SPX - midrange OES - upper midrange NAZ - midrange NDX - midrange VIX - oversold region NAZ NET NEW HIGHs-LOWs = 246 As mentioned often, midrange readings are a FLIP of a COIN. So, heck if I know what will happen tomorrow. The 3-DAY PATTERN failed. Not that I consider a failed 3-DAY pattern as being very negative, but lets put it this way - if the 3-DAY PATTERN succeeded, that would have been a hint that the trend may be changing. Unfortunately, that did not occur, so we are still in a trend of LOWER LOWs and LOWER HIGHs, until something significantly positive develops. The SOX closed at 370 which is a NEW CLOSING LOW. The intraday low that was set recently was at 363. It is common that the SOX leads the NAZ/NDX; however the NAZ/NDX are lagging the SOX to the downside. Since the NAZ/NDX were also down, but not as much as the SOX, I can't say that it is positive, but I think it is better to say that the NAZ/NDX showed less negativity than the SOX. The SPX normally moves inbetween the NAZ and the DOW. Today the SPX lagged both the DOW and the NAZ to the downside. Again, since the SPX closed negative, I can't that it is a positive, but its better to say that the SPX showed less negativity than the DOW/NAZ, which may turn out to be a positive hint. The candles on the SPX/OEX were very small black candles/DOJIs, which implies uncertainty. The candles on the DOW, and especially the NAZ/NDX were larger black candles. The NAZ NET NEW HIGHs-LOWs did deteriorate, but since today was down, the HI-LO's decline was probably in line with todays decline in the indices. This afternoon ART CASHEN mentioned that its "SELL on ROSH HASSANA - BUY on YOM KIPPUR". I thought it was the other way around. Some day, I will get it right. Im not going to make alot about it, but we are now in the END-of-MONTH-RALLY time frame.