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

To: Stockdoctor who wrote (36467)	5/24/2002 2:23:50 PM
From: Paul Shread	Read Replies (3) \| Respond to of 52237

Courtesy of Nikko on Marketswing: Posted on Friday, May 24, 2002 - 1:29 pm: -------------------------------------------------------------------------------- Chat Notes: 5/24 12:00 PM Daily Signals: The indices are near the LOWER MIDRANGE SOX: OVERSOLD, Borderline CLASS 2 BUY Donald has noticed a negative divergence develop with the NAZ internals. The NAZ NET New Highs and New Lows produced a lower low from the May trough, but the NAZ did not The McClellan Oscillator on the NAZ and NYSE is heading down which is negative, meaning the recent rallies may not be broadly based. Various indices have Bearish Flags. The new indicator, which is a derivative of the indicator which Lee developed with Donald, is giving hints that there could be a significant rally set up if the various bearish flags break down and develop a capitulation low. The pattern forming now is similar to the pattern which formed in Sept/Oct 1998. Donald is watching for this buy signal which should come (roughly) within 2 months from April 29. Donald plans to go long with 70-80% of his portfolio if the signal hits, calling for a significant rally. marketswing.com