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


To: Paul Shread who wrote (20895)10/5/2001 8:42:21 AM
From: Jerry Olson  Read Replies (2) | Respond to of 52237
 
Sure Paul...from DWA site..13 sectors have reversed up here from very low levels...

while we were skewed to the overbought sector in June..we completely went the other way at the recent bottom Paul..we were 100% oversold on everything i watch...

my thinking is this...every chart we all look at is a bottom fish type play...these charts will develope as we move forward into base building charts to buy and hold..it will take time..but thats what we have<g>

as these stocks give their very FIRST buy signals off the bottoms, we wait and look for the NEXT buy signal to really get long...

Changes in Sector Risk in Past 7 days:
Media Reversed to X's *Bull Alert 10/03/2001 18%
Software Reversed to X's *Bull Alert 10/03/2001 24%
Gaming Reversed to X's *Bull Alert 10/03/2001 26%
Retailing Reversed to X's *Bull Alert 10/03/2001 32%
Building Reversed to X's *Bull Alert 10/03/2001 32%
Leisure Reversed to X's *Bull Alert 10/03/2001 18%
Electronics Reversed to X's *Bull Alert 10/03/2001 20%
Computers Reversed to X's *Bull Alert 10/03/2001 18%
Aerospace Reversed to X's *Bull Alert 10/02/2001 26%
Steel/Iron Reversed to X's *Bull Alert 10/01/2001 14%
Finance Reversed to X's *Bear Correction 09/28/2001 42%
Semiconductors Reversed to X's *Bull Alert 09/28/2001 12%
Healthcare Reversed to X's *Bull Confirmed 09/28/2001 34%



To: Paul Shread who wrote (20895)10/5/2001 9:43:39 AM
From: donald sew  Read Replies (2) | Respond to of 52237
 
Paul,

There was a small down gap this morning for the NAZ/NDX, but should be enough to complete the evening star, if they do not rally intraday. Im waiting for the charts to update to confirm.

Also just noticed that the SOX is right now down 2.76% while the NAZ is only down .76%(per Yahoo)