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

To: Jan Crawley who wrote (35314)	5/3/2002 12:09:21 PM
From: TechTrader42	Read Replies (3) \| Respond to of 52237

Possible support levels for the SPX are 1053 and 998. Once again, the Naz broke under 1618. It looks ill. The Dow is going to test the 200 SMA again, it seems. Since it broke under it recently, there's a chance it could go lower again, and head toward support in the 9700s. Sentiment for the S&P is in the midrange. There's room to the upside or downside. The direction at the moment is down. AMAT's trailing P/E is in the 120s. INTC's is over 105, according to eSignal. JPM's is 50. QLGC's is 50. Decision Point wrote in late April that the GAAP P/E for the S&P was was 44.2. They wrote: "The normal range for GAAP P/E ratio is between 10 (undervalued) to 20 (overvalued)." They contrasted the GAAP P/E with the EBBS (Earnings Before Bad Stuff) P/E, or pro forma P/E. That P/E was at 29. But there are few standards with that one, and they're "prone to distortion." Speaking of eSignal, it's become a terrific program, with the custom indicators and all. They've hired someone new who's turning out custom indicators for people who request them. Indicators include traders' own favorites and some from TASC. Here are some of them: tssupport.com I've added my own indicators, too. The language is JavaScript, and not difficult to learn. Chuck T. has more info about what's available: Message 17415966