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


To: ajtj99 who wrote (29760)2/11/2002 11:51:10 PM
From: bobby beara  Read Replies (1) | Respond to of 52237
 
Going short at NDX 1500 like the rest of the world, Bobby? <<<

fark if everybody is going short there i'm going long =g=

aj, yes we have not completed a down cycle in those indicators as we have during 2001,

but on the bullish side, we have right hand side translation (the longest bullish weekly session since sept 00)

we have what could be an ABC correction into the recent lows, which could be counter to a five wave up move out of here.

the sox has been triangulating, if the sox starts breaking out from here i would not fade the move.

anyway this is not the time of year for a significant move down, it was during 2001 coming out of the bubble, but now we have some decent puking since then.

b



To: ajtj99 who wrote (29760)2/12/2002 1:26:34 AM
From: whydididothat  Read Replies (1) | Respond to of 52237
 
Thanks for mentioning $bpcompq.

stockcharts.com[w,a]dacayyay[de][pb20][vc60][iUb14!La12,26,9]&pref=G

I have not seen much of these bullish percent indicators until recently. Do you use turns to indicate directional changes in the market or do you use certain levels to fade the trend (and if so, what levels do you consider to be overbought and oversold)?

Thanks