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


To: isopatch who wrote (29011)2/1/2002 9:05:00 AM
From: Terry Whitman  Read Replies (2) | Respond to of 52237
 
PHASE UPDATE- Technical Inspection.

While we did have a scary sell off over the last few weeks- my technical inspection of the market's phase has not changed. Still Bull Phase 1. Still Clear.

In the last half of bull phase 1 we should see the A/D line moving up to a new peak over the next couple of months. The DJI and Transports should begin to sync up, so the Industrials should move above their 200 day ma soon, and stay above.

New highs list should continue to grow, and new lows list should stay small. News should remain bearish in the majority until the start of phase 2. Public should remain bearish until late phase 2.

The end of phase 1 should be marked by a peak in the A/D line- where thereafter it corrects somewhat.

ST- Today I would expect a day similar to yesterday. But the market is less readable in the ST.

LT- Phase 1 top projection- Early May timeframe. End of cyclical bull projection- late summer/early fall 2003.

BWDIK, this is all speculation, do your own DD, etc., etc. <g>

TW