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

To: Chris who wrote (24587)	11/21/2001 3:32:42 AM
From: Chris	Respond to of 52237

worden tc 2000 laughing at bull market statement Message 16687712

To: Chris who wrote (24587)	11/21/2001 5:50:57 AM
From: donald sew	Read Replies (2) \| Respond to of 52237

NOV 21 INDEX UPDATE ------------------------- Short-term technical readings: DOW - overbought region, pending CLASS 1 SELL SPX - upper midrange, pending CLASS 1 SELL OEX - upper midrange, pending CLASS 1 SELL NAZ - midrange, pending CLASS 1 SELL NDX - midrange, pending CLASS 1 SELL The NAZ/NDX is already close to fullfilling the minimum requirement of its CLASS 1 signal. There is a formation in my short-term technicals on the NAZ/NDX that there could be a bounce today(WED), but this bounce should not be that strong. If there is a rally today but cannot exceed the mid point of TUE's BLACK candle then that would be a negative hint per my candlestic reading, to the point that there should be further downside. Also, there could be a setup for a 3 DAY PATTERN, but I wouldnt know how to rationalize it with this holiday week(1/2 day on FRIDAY) As for how low will this pullback go, my short-term technicals do not predict the extend of the moves. They just attempt to predict short-term pivot points. Having said that, I need to mention that I also got WEEKLY CLASS 1 SELLs which could be more significant. For those who have been following my QQQ LEAP trades, I lost $5 on the NOVEMBER CALLs I sold against my leaps, and on Monday I closed my LEAP position for 18. So heres the recap ORIGINALLY bought LEAPs at 9.50 Sold OCT CALLS and profited 1.15 SOLD NOV CALLs and lost 5.00 SOLD LEAPS at 18.00 Came away with amost a 50% profit, but would have done much better if I didnt goof wit the NOV CALLS. And as normal I get out/hedge too early. As for my personal mutual fund account have been adding more USPIX(short-NDX) positions until Monday. Did not add anymore on TUE