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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 (23456)	11/6/2001 6:40:06 PM
From: donald sew	Read Replies (2) \| Respond to of 52237

NOV 6 INDEX UPDATE ------------------------ Short-term technical readings: DOW - CLASS 2 SELL SPX - borderline CLASS 1 SELL OEX - borderline CLASS 1 SELL NAZ - borderline CLASS 1 SELL NDX - borderline CLASS 1 SELL VIX - oversold(inverse to market) SOX - CLASS 1 SELL SIGNAL, possible IMPERFECT 3-WHITE SOLDIERs NAZ NET NEW HIGHs-LOWs = POSITIVE 11 If the overall market was to move up tomorrow, I would get CLASS 1 SELL signals. Please keep in mind that closing signals are more reliable that intraday signals. However the short-term technicals are high enough for some sort of a reversal to start now. Having said that, the VIX readings is 1-2 days away from a CLASS 1 reading, which is giving a hint that there may be a bit more upside. I have a 34 DAY CYCLE(+/-2days) arriving on THUR on the NAZ/NDX. Also the end-of-month rally period is over as of today, per my research in that it can last 3-5 days into the following month. The broadening pattern(megaphone is still intact). With another strong rally the NAZ NET HI-LOs could only get to positive 11. As mentioned before if that continues, this short-term rally should weaken soon. I wont make too much about the possible IMPERFECT 3-SOLDIERS on the SOX, but I won't totally ignore it's bullish implication.