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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 (21700)	10/15/2001 6:19:31 PM
From: donald sew	Read Replies (2) \| Respond to of 52237

OCT 15 INDEX UPDATE ---------------------------- Short-term technical reading: DOW - oversold region, DRAGONFLY DOJI SPX - oversold region, DRAGONFLY DOJI OEX - oversold region, DRAGONFLY DOJI NAZ - pending CLASS 1 SELL signal, SMALL BODY/PAPER UMBRELLA NDX - pending CLASS 1 SELL signal, SMALL BODY/PAPER UMBRELLA SOX - upper midrange/pending CLASS 1 SELL VIX - upper midrange(inverse to market) NAZ NET NEW HIGHs/LOWs = negative 14 Today was the end of the WINDOW for the CLASS 1 SELL SIGNALs. With the NAZ/NDX down slightly, theres a hint that the CLASS 1 SELL signals may work. I got a PM asking that since the NAZ/NDX rallied into the close and closed closer to the intraday highs, could these CLASS 1 SELL signals be negated. I often get these inquiries about possible negated CLASS 1 signals, especially after significant moves. I have been following these signals since around 1997, about 4 year. I average about 3 CLASS SIGNALs per month, so in about a 4 year period I probably would get about 144 signals. Now multiply that by the 3 for the DOW/SPX/NAZ, that would total to about 432. To the best of recollection, I believe in those 4 years I only got 8 negated signals from those 3 indices, so the chances are about 1:50. Im not saying that I wont get a negated signals, but the probability just aint high of a negated signal occuring, not considering the fundamentals, current bullish momentum, etc. The SOX did show weakness today, and has been a reliable leading indicator for the NAZ/NDX, although there has been a few case recently where it hasn't. Reliable doesnt mean 100%. The NAZ NET HI-LOs were slightly negative, not giving a firm hint of direction. Im still bullish to the extent that this forthcoming short-term(1-5 days) pullback should not be strong, more like weak to normal, and that it should produce a HIGHER LOW.