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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 (21908)10/17/2001 3:38:16 PM
From: Jerry Olson  Respond to of 52237
 
Don everything looking AOK....



To: donald sew who wrote (21908)10/17/2001 3:44:56 PM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
SEBL missed by 2 cents - 7 cents vs. 9



To: donald sew who wrote (21908)10/17/2001 4:18:36 PM
From: Susan G  Read Replies (2) | Respond to of 52237
 
Don, is that a dark cloud cover on the nas now??
Or does the previous candle need to be about the same height for that?

Fascinating to watch it happen live today...

Thanks to your recent updates I was able to hold my shorts during yesterdays rally and today's gap up, knowing what was about to occur <g>



To: donald sew who wrote (21908)10/17/2001 4:21:12 PM
From: Arik T.G.  Respond to of 52237
 
GZ calls this key outside reversal.

ATG



To: donald sew who wrote (21908)10/17/2001 5:32:37 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 52237
 
Don: Big engulfing is right. Looks like three outside down on the way.

Note in this chart the rallies of this past summer did a doji (evening star) off the 50 DMA and then failed. Today we got to the 50 DMA and did a bearish engulfing:

stockcharts.com[w,a]daclyymy[dc][pb50!b200][vc60][iUb14!La12,26,9]

One bearish development was in the Sox. Note how during the summer this one bounced above the 50 DMA on several occasions coincident with the Nasdaq. Not today. Not even close. Note also the new high on the comp. was not confirmed today on the Sox with a new cycle high. Suggests to me we will see new lower, lows on the Sox before the bear is over. Target: 300.

stockcharts.com[w,a]daclyymy[dc][pb50!b200][vc60][iUb14!La12,26,9]