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

To: ajtj99 who wrote (34717)	4/23/2002 7:56:21 PM
From: TechTrader42	Read Replies (2) \| Respond to of 52237

The weekly would seem to suggest support for the NDX at 1088. The monthly offers an even lower outlook: Maybe 1063 or 926. But who knows? Most TA available to the general public doesn't travel faster than the speed of light, so the future remains unknown. Chris' MACD indicator looks interesting with the monthly, btw. It looks oversold. I would wait for the crossover back up before buying. Since we're talkin' the monthly here, that could take a while. I'm not getting buy signals with my sentiment indicators yet -- and they're nowhere close with the long-term indicators. Chris has a new indicator that he's referred to, one that identifies trending vs. non-trending markets. The actual indicator is proprietary, but I'll bet it's been indicating a trending market lately. The direction of the trend has been very clear. Some indicators work best in trending markets, of course, regardless of direction. Interestingly enough, Chris' MACD indicator gave a sell signal today for the S&P and Naz in the daily charts. The Dow sell signal was in the middle of March. There've been some attempts by the Dow MACD line to cross up through the signal line, but they've failed. Chris' indicator is a good one. There've been a lot of indicators suggesting the direction of the trend lately. And yet to some, they've all apparently been indicators crying in the wilderness.