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

To: dennis michael patterson who wrote (39386)	9/4/2002 8:20:01 PM
From: HighTech	Read Replies (1) \| Respond to of 52237

The Naz100 Bullish Percent went down another 4 points today(From 42 to 38), meaning that there were 4 more companies that went on sell signals - this even though Naz100 was up almost 2%. IOW, there are only 38% of Naz100 stocks that are on buy signals. Another divergence which implies more weakness in the QQQ. A sell signal is still on.(Not traditionally though which considers the BP to be in a bull correction for the intermediate-to-long term.)This divergence I mention is not usually even looked at by the P&F traditionalist, but by just us loony birds who have nothing else better to do. If other critical indicators show weakness as well, I would short QQQ early tomorrow during an expected strong open. Of course it's always a gamble going against the King of Chicken Fried Rice, aka, the don. But I don't know what he's forecasting short term, do you? HT