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

To: donald sew who wrote (20577)	10/2/2001 8:08:21 PM
From: Nancy	Read Replies (1) \| Respond to of 52237

don, is ge a class 1 sell here also ? where it would pullback to ? it gained 30% from 09/21 low. while qqq is about 5%. goes to tell you how weak ndx is. tkx

To: donald sew who wrote (20577)	10/2/2001 8:56:07 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 52237

Don: What do you think of the MSFT chart? I am rubbing my eyes because it looks pretty good. Looks almost like three white soldiers. Pass me the dumplings <g>.

To: donald sew who wrote (20577)	10/3/2001 12:19:01 AM
From: SpecialK	Read Replies (1) \| Respond to of 52237

Don, What are the odds of this Class 1 sell being negated? Hasn't happened in this bear market yet, and only happened in the big push of late 99 ever. Right? I'm not getting super bullish yet, but I feel the NDX/ NAZ needs to get to Class 1 Sell before this rally will end. If a major company warns (unexpected, this late in the season) or any terrorist/war activity (likely), my view would change.

To: donald sew who wrote (20577)	10/3/2001 12:34:21 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 52237

Donald; I did a fast check of all sectors, and only communication the SOX and real estate were down today, but them not a lot. While I agree the NDX looks weak , it's flying a pennant from last Mondays run up, ( pennants signal a strong move to come but not the direction ) ------------- However I'm not sure TA has returned to normal yet, I still think we can move a lot on any kind of War news that would blow TA away. If it is valid then the move up in the NDX today while not much was at least not due to rotation and that's one thing I like, ( a broad move up even if it's small is better than one index going up gang busters at the expense of another going down.) And every major index ( not sector ) I looked at today at least went up some. WE got to get out of rotation if the market is going to turn. I'm not saying we have made the low..but several things are hinting that we may have. The fact the NDX is weak is one of them, it's always the weakest when the market puts in a bottom then if the turn is real it overtakes the others but not because they sell off. ------------ In other words there is no evidence the bottom is in but there are a few hints that it could be. However I don't think we test the low without breaking more to the downside. Jim PS you may not remember but back in June or July I said we would not test the April Lows , because if we got there we would slice right through, I see that same thing with the Last Low..there will be no test , hit it and we lose another 100pts. This thing that you always have to test the last low is for the birds, there is a point when the market gets so low that no test will hold and you will just keep on going down, ( until we maybe bounce off zero a time or two ) Every single test from here out will create forced selling & until we get to where we don't test the last low we wont stop droping <VBG>