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

To: Paul Shread who wrote (34698)	4/23/2002 5:46:17 PM
From: ajtj99	Read Replies (1) \| Respond to of 52237

Paul, da_cheif keeps mentioning a gap in the SPOOS at 1094, so I guess that may come into play. I think that equates to around 1091 SPX or so, which would be close to getting the COMP down to re-test the 1696 Feb. pivot low. That would take the NDX a bit under 1300, but knowing that the NDX is subordinate to the COMP in these matters, wherever the NDX is when the COMP bounces is where it will bounce, support or no support (for the NDX). What do you make of the TRINQ? I think we get a 1-day bounce but not much more. The TRIN is telling. I think this will all come down to 10,000 Dow holding and possibly breaching momentarily to something like 9,997.

To: Paul Shread who wrote (34698)	4/23/2002 5:51:13 PM
From: High Country Trader	Respond to of 52237

TRIN works best when combined with various sentiment indicators. As I recall, this past summer guru Don Hays was trumpeting his extreme bullishness based on the trin right before the S&P and Nasdaq went down some 20%. At the same time last summer, Investors Intelligence bears were at near 10 year lows - and a major sell signal. Bears approached those 10 year lows the first week in January, also a good time to be getting out of the Nasdaq and the S&P. Trading according to the trin or any indicator for that matter, falls into the category of being an anticipatory trader instead of a reactive one. Only successful ones I ever knew or read about were reactive - reactive to price action that is.

To: Paul Shread who wrote (34698)	4/23/2002 5:56:57 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

The SPX fell just under support at 1099.41. To some, that would have been a short signal. The Dow held above support at 10,057. The NYA held above support at 582, where the 200 SMA is. The Naz broke under support at 1724. It should be an interesting week. If there is a bounce near all these support levels, it remains to be seen how long they'll last. Earnings reports could help swing things in either direction. AOL, T, WCOM, AMGN and many others, report this week. With the complacency indexes, there's room to move in both directions. ST Naz CI: 66.159 MT Naz CI: 53.779 LT Naz CI: 78.710 ST S&P CI: 29.888 MT S&P CI: 28.976 LT S&P CI: 70.498 They closed down from yesterday's values.