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


To: Clappy who wrote (34853)4/25/2002 10:27:11 AM
From: Paul Shread  Respond to of 52237
 
Here's a summary of Don's call from Marketswing, thanks to Nikko:

Chat Notes 8:15 PM 4/24

(Weekly Signals):

All Indices : Are in the OVERSOLD/CLASS 2 BUY area

(Daily Signals):

NAZ, NDX, RUSSELL : CLASS 1 BUY

S&P, OEX, SOX : Borderline CLASS 1 BUY

DOW : CLASS 2 BUY

VIX : CLASS 2 SELL

VXN : UPPER MID RANGE

USD : OVERSOLD REGION

Donald has noticed a Complex DOUBLE HEADED, HEAD & SHOULDER pattern on the USD. He thinks it may bounce soon, buy it wont be big.

Donald has also noticed an Imperfect THREE BLACK CROWS on the NAZ, NDX. This will not be negated unless the NAZ, NDX can rally above the top of the THREE BLACK CROWS. This pattern could limit the upside of a rally/bounce.

Donald is planning on placing short positions after a rally/bounce, but he is (probably) not going to go long for this rally/bounce.

nikko

marketswing.com