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

To: bobby beara who wrote (37926)	7/14/2002 2:31:37 PM
From: nspolar	Read Replies (1) \| Respond to of 52237

Right with you Bobby. My primary indicators: The NAS and NDX have both completed a 5 wave series down since first of year. A brother up of some sort would seem to be expected here, but not a must. The NDX (in particular) has been showing divergence on the McClellan for well over a month. Coincidentally the summation index on same is quite deep and turning. The NASDAQ 10 dma TRIN could be diverging. It put in a major low 7 trading sessions ago. Rule of thumb I believe is a bottom within 3 wks of the low. The NASDAQ 21 and 55 dma TRIN's appear to be bottoming. At each of the last two major NAS bottoms the latter two bottomed coincident with or slightly after the index. Plus several individual stocks as you demonstrated are putting in bottoming patterns. Not enough to bet the farm but the odds look okay, so have a good dab. For the moment looks to me like lot of tech is 'sold out', and a nice swing trade shaping up. Timing will probably be key. Best upside odds around at the moment. Time to throw away the bear suit for a month or so me thinks (hope?). My $.02.