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


To: Monty Lenard who wrote (35951)5/13/2002 4:20:17 PM
From: TechTrader42  Read Replies (1) | Respond to of 52237
 
Regarding the possible bullish rising two method pattern talked about earlier, there wasn't a close today above the long white candlestick from last week. You pointed out the possible harami, a small real body within the prior long black candlestick. That's what we were seeing early in the day. Isn't the candle too long now for a harami, or would you just say it has to be contained within the prior body? I know you make the rules less restrictive, based on experience.

Nison is interesting on the harami, saying it means "pregnant," with the small candlestick representing the baby. He doesn't seem to think it has high reliability as a reversal signal, but it is a reversal signal.



To: Monty Lenard who wrote (35951)5/14/2002 10:33:31 AM
From: TechTrader42  Read Replies (1) | Respond to of 52237
 
The trend remains strongly up with the S&P CI's -- and a little uncertain with the Naz ones, where some divergence might develop. Sentiment is still well under 50 for the Naz, so it isn't anywhere near overbought, but there's a curious lack of movement up based on options demand. Maybe traders are waiting for AMAT. Maybe options expiration isn't enough of a reason to get them in a buying frenzy. Still, there's a lot of room to the upside with the Naz CI's for now.

ST Naz CI: 43.351 42.663
MT Naz CI: 36.384 37.426
LT Naz CI: 40.754 41.578

With the S&P, the ST CI has crossed into overbought territory:

ST S&P CI: 90.063 59.696
MT S&P CI: 63.868 46.657
LT S&P CI: 68.145 58.009

Free new CI feature: Gratuitous anticipatory, self-contained bashing utility: Why you &*#&^%$ perma.... [fill in bull/bear]!!! You don't know &*%^$!

EDIT: The Naz ones are improving:

ST Naz CI: 47.695 42.663
MT Naz CI: 40.030 37.426
LT Naz CI: 43.640 41.578