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


To: Si_Detective who wrote (38292)7/22/2002 5:21:54 PM
From: jjstingray  Read Replies (2) | Respond to of 52237
 
Here is the recap.


Chat Notes: 7/22 10:35 AM

Daily Signals: (INTRADAY SIGNALS)

NAZ, NDX : CLASS 2 BUY

SPX, OEX : CLASS 1 BUY

SOX, DOW : Borderline CLASS 1 BUY

VIX : OVERBOUGHT

Depending on today's close, the SPX and OEX could form THREE BLACK CROWS on the daily chart.

The new capitulation indicator had a BAR reading which has exceeded the reading from September 2001.

Donald is watching to see if the market closes at the lows to solidify these signals. If the market sells off tomorrow
Donald will likely be getting CLASS 1 BUY signals on all indices. He is focusing on the S&P as a proxy to guide him.
If today closes at the low he will close all of his short positions, and begin to leg in with a small long position
(UOPIX).

If the market makes a capitulation bottom this week Donald suspects there could be a retest around the second
week of August.

Donald mentioned that he sees 840-910 as a support zone on the NDX.