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

To: ajtj99 who wrote (35059)	4/29/2002 4:17:01 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

We're looking at the same things, AJ. I was just looking at the NDX, too, and thought the same thing. (I'd just posted a note on the complacency thread.) Anyway, let me know if you see any all-clear signs. Right now, I think it still looks very questionable. But the indexes are finally in oversold territory in the short term. The Naz ST CI is at 0, and the SPX one is close. The LT ones aren't quite at oversold levels yet. Since 1074 was breached so decisively today by the SPX, it would seem more likely that there'll be some more uncertainty ahead, and more down days. The bounce -- if it was coming -- should have occurred there. We shall see. The SPX just looks bad. It should at least test the 1053 area. On the weekly chart, there are some MACD crossover sell signals. In all of this, one thing is irrelevant: the bearish/bullish debate on SI. The charts are what matter.