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

To: Terry Whitman who wrote (28147)	1/24/2002 11:02:27 PM
From: bobby beara	Read Replies (1) \| Respond to of 52237

Interesting summation chart there. Have you found that once you get a negative crossover that it always returns to the bottom of the range (-1000) ? Or is that pattern purely a bear market phenomenon.<<< The summation index is an oscillator and can oscilate to lower levels (but not extreme levels usually) while the indexes move up in a bull market the thing about the nasdaq summation during a period after a huge bubble and most of these companies are not making money and you have to respect the lt trend (200dma) until it's proven wrong. i figure that the roll-over of the summation index from an overbought level means at minimum more sideways congestion, and also the possible the start of a new downtrend as we've seen in the last year or two when it got overbought.