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

To: Chris who wrote (23097)	11/1/2001 10:12:51 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Absolutely. Look at MACD and OBV on the dailies, for starters.

To: Chris who wrote (23097)	11/1/2001 10:54:16 AM
From: TechTrader42	Respond to of 52237

With the CI's, the Naz has been trying to rally from the midrange. For some reason, people still believe in buying overvalued tech stocks. The S&P CI's have beeen working their way down. They might head to 0. ST Naz CI: 64.340 62.754 MT Naz CI: 64.340 62.754 LT Naz CI: 61.431 60.917 ST S&P CI: 31.148 35.246 MT S&P CI: 31.148 35.246 LT S&P CI: 57.787 58.731 I suppose it's possible that the Naz CI's could continue up, though they usually move with the S&P CI's. If they do continue up, they'd create better shorting opportunities. It's downright funny how sentiment shifts so dramatically in the short term, and how the market analysts and pundits always come up with such convenient rationalizations. What happened with the worries over Argentina, for example? Recession fears? Etc. Distant memories today. The economy looks good, after all, if you don't pay any attention to the economic data. Saying it's so makes it so.