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

To: Trumptown who wrote (40703)	10/31/2002 1:59:17 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

This was the last I saw from him: Market Swing Discussion: Chat Room Notes and Recaps ------------------------------------------------------------ Posted by Nikko_thyme on Saturday, October 26, 2002 - 11:10 pm: Chat Notes : 10/26 9:30 PM Weekly Signals : UPPER MIDRANGE. Daily Signals : NAZ, NDX : CLASS 2 SELL GOLD : Has formed a morning star, which is in line with some sort of a pull back in the stock market. As for the pending signals from last week, the SPX fulfilled its minimum required decline by driving the signals to the midrange. The NDX signals did not drop as much but did reach the UPPER MIDRANGE. Donald considers these signals to be over. The Capitulation Indicator has dropped below its 21 week MA, and may bounce soon. The Capitulation Reading has occurred, and is over, and may not give another buy signal for many months. Donald took a look at MSFT and noticed a Bearish Engulfing formed on Thur. Friday's rally did not go high enough to negate the pattern, so it may be due for a pull back. Donald will exit his short positions if the market drops lower. He is expecting the market to set a higher low. He may start to initiate long positions when his signals reach the OVERSOLD/CLASS 2 BUY area, but he will be looking for clues as time passes. He thinks the interim bottom has been set, but he does not think the market is going a lot higher. He is comparing this rally to the April 2001 rally, and thinks this one could also form a rounding top. The current rally, even if it pulls back, may be 75% complete. The NAZ, SOX, and NDX have weekly IMPERFECT 3-WHITE SOLDIERS. The VIX has perfect weekly 3-BLACK CROWS.