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


To: TechTrader42 who wrote (31392)3/4/2002 4:04:27 PM
From: John Pitera  Read Replies (2) | Respond to of 52237
 
Hi Brook, And to be fair SII has been helped by the strongest market rally we've seen since late last Sept- early Oct.

Had the SPX been falling hard the past 3 days SII mostly likely would have fallen several points as well.

The XBD Broker index had a huge day today.

stockcharts.com[w,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

It soared through it's 200 dma and also it's 50 dma.

The BKX also went above it's 50 dma and then it's 200 dma

stockcharts.com[w,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

and the SOX has done the exact same thing the past 2 days

stockcharts.com[w,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

I'd say we have about a 90% chance that this rally is for really based on prior statistical experience.

(and by that I mean that we should see an overall rally phase for the next 6 to 8 weeks.)