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

To: Robert Graham who wrote (36557)	5/29/2002 2:40:50 PM
From: Paul Shread	Respond to of 52237

I agree that 1600 seems pretty likely if we can't get back above 1640. I haven't seen the details of Don's call yet, but it's probably good until the intrady lows tomorrow, as long as we close off the lows (if I remember correctly). That's assuming Don gets a firm closing Class I Buy today; if he doesn't, we could head down again in a few days, or we may not get much of a bounce anyway. Tis all speculation till someone posts Nikko's summary. -g- Paul

To: Robert Graham who wrote (36557)	5/29/2002 2:55:20 PM
From: Paul Shread	Read Replies (2) \| Respond to of 52237

And here's Nikko's summary from Marketswing: marketswing.com Posted on Wednesday, May 29, 2002 - 2:48 pm: -------------------------------------------------------------------------------- Chat Notes: 5/29 1:40 PM Weekly Signals: Most Indices Are Near the MIDRANGE/LOWER MIDRANGE. RUSSELL: LOWER MIDRANGE/BORDERLINE OVERSOLD. USD: Has a THREE BLACK CROWS Pattern, and is a Negated CLASS 1 BUY. Daily Signals: SOX, DOW : Intraday CLASS 1 BUY. SPX, OEX: Intraday CLASS 2 BUY. NDX, NAZ, RUSSELL: Intraday Borderline CLASS 1 BUY. USD: Borderline OVERSOLD. VIX, VXN: UPPER MIDRANGE. XAU: Is having a Late Response to a CLASS 1 SELL. Donald does not see capitulation forming because of the Signal readings on the VIX and VXN, and because of the position of the McClellan Summation Index and the (NET) NAZ New HIGH and New Low internals. Donald will be closing his short (USPIX) position today. He has not decided if he will add Long (UOPIX) positions today, but if he does it will likely be small. The new indicator is hinting that there could be more downside, while we are still within the two month window. Donald is watching for signs of capitulation.