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

To: Chris who wrote (22750)	10/29/2001 10:37:21 AM
From: TechTrader42	Respond to of 52237

The CI's gave sell/short signals Friday, so I wondered what you were seeing in a tech stock such as SUNW (before I looked at the chart). But sure enough, it does appear to have a good chart in some respects (with the price turning up). Parabolic SAR is still in a downtrend, however. The Donchian channels are moving lower. And the last time the Bollinger bands narrowed, price broke to the downside. Further, some of the indicators, such as MACD, seem to be holding in a tight range, going nowhere, in several time frames. Whether the market will bear down on the likes of SUNW, even if it's determined to rally, is another question. The muddy floodwaters could carry everything down in their current. Of course, whether the market selloff will continue is yet another question. On the one hand, complacency could plummet to near 0 again, but on the other, clueless, oblivious complacency could show some resilience, leading to yet another rally. By that time, I suppose, all the recent converts to the bullish camp will have turned bearish just in time for the next rally. It was amusing reading all the good reasons for the rally last week, the prospects for economic recovery, etc., when just a few days ago, the outlook was bleak and hopeless. I suppose we'll go back to the dark scenario again today in notes and news stories on the market. And the outlook will be revised once again in hindsight. Everyone really was bearish in hindsight, after all. They didn't waver, in fact. Not even subjectively. ST Naz CI: 96.066, 100.000 MT Naz CI: 96.066, 100.000 LT Naz CI: 71.711, 71.669 ST S&P CI: 93.560, 97.561 MT S&P CI: 93.56, 97.56 LT S&P CI: 72.173, 70.040