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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 (22297)	10/22/2001 11:37:54 PM
From: SkyDart	Read Replies (1) \| Respond to of 52237

What do you make of the put/call ratio at .49?

To: donald sew who wrote (22297)	10/23/2001 8:38:19 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 52237

Don: What is your take on an "upthrust" as outlined below: "The NDX drew a bearish candlestick pattern called a "Bearish Engulfing" pattern last Wednesday. Wednesday's "Bearish Engulfing" pattern engulfing the last four trading days. The more days a "Bearish Engulfing" pattern engulfs, the stronger the signal. Last Wednesday pattern can also be called an "Upthrust" and is also a bearish signal. When an "Upthrust" breaks the previous high by a wide margin, than usually a re-test of the "Upthrust" is needed before the decline continues. As long as the volume is lighter on the re-test than the volume on the "Upthrust" day, than the bearish scenario will continue. Since the "Upthrust" broke the previous high by a wide margin, we are expecting a re-test. The re-test can end anywhere from a 50% retracement to as much as a 100% retracement. We are expecting around the 50% retracement level, or near 1375 level on the NDX. Today's high was 1383, however, no bearish candlestick pattern formed today. We will wait for a bearish candlestick pattern before shorting the QQQ's. Staying flat the QQQ for the moment." Message 16541378

To: donald sew who wrote (22297)	10/23/2001 8:57:11 AM
From: faro	Read Replies (1) \| Respond to of 52237

Bonjour Don, What is you take on the VIX? The way the VIX is acting puzzle me a little. As we go along, the VIX makes lower low and lower hi's since Oct 18. And it is navigating is very high region for quite some time. Up until yesterday its range varied for 34 to 38 since the 11th. Usually the high values on the VIX resolve to the downside to around 25-26. If this would happen, we would be getting a rallye of around 150 points. What do you think of all this? And thanks for you daily update Faro