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

To: Compadre who wrote (43819)	3/14/2003 11:52:21 AM
From: Trumptown	Respond to of 52237

Got it -thanks

To: Compadre who wrote (43819)	3/14/2003 12:53:45 PM
From: Paul Shread	Read Replies (3) \| Respond to of 52237

Yesterday was a 90% upside day on the Nasdaq, and thus likely near a blow-off top, according to Paul Desmond at Lowry's Reports. Here's Don's summary: Market Swing Discussion: Chat Room Notes and Recaps ------------------------------------------------------------ Posted by Nikko_thyme on Friday, March 14, 2003 - 11:11 am: Chat Notes : 3/14/03 10:00 AM Weekly Signals : DOW, SPX, OEX : UPPER MIDRANGE SOX : CLASS 2 SELL NAZ, NDX : OVERBOUGHT Daily Signals : (From Yesterdays Close) VIX : LOWER MIDRANGE Daily Signals : (From This Morning) SPX, OEX, DOW, RUT : Borderline CLASS 2 SELL NDX : CLASS 2/Borderline CLASS 1 SELL HUI : MIDRANGE/LOWER MIDRANGE GOLD : OVERSOLD USD OVERBOUGHT/CLASS 2 SELL The Tsunami Indicator, if measured from a previous NDX peak may have fulfilled its minimum expected decline, so Donald is not depending on that as much for guidance at this time. The Capitulation Indicator had moved 1 pt. above the mean which can signal a rally, but not usually a 20% or greater move. Donald noticed 5 bullish hints yesterday which need to be monitored. The New High/New Low #'s improved during yesterdays rally (need to monitor for further improvement), an Island Reversal on the USD formed, an Abandoned Baby pattern on the VIX, FTSE and DAX had imperfect Bullish Engulfings, HUI weekly had 3 Black Crows. Donald is less Bearish, but not yet Bullish. He is not planning on opening any short positions which are greater than 10-15% in size. He planned on opening a long position earlier this week but did not. He is currently looking to open a short position if his signals reach the CLASS 1 SELL area. He thinks the SPX is currently in the process of retesting the Oct lows. He is also going to watch the BULLISH WEDGE/FLAG on the NDX. If it were to break out it should happen with high volume to be significant.