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

To: Compadre who wrote (48154)	3/11/2004 6:07:20 PM
From: Michael Watkins	Respond to of 52237

Interesting. Will have to load up a big NDX chart and see what I come up with. I've been out of tech for some time - in part for timing I use this COMPX chart with advancers/decliners and adv/decl volume (adv/dec volume plotted inversely so rising red line is increasing down volume - just to make it easier to see, but I also rather like the cross-over periods on the chart. trendvue.com Once the last rising trendline was broken, 2 days to hit the target, and now T+ 2 days -- assuming the earth is not opening up tomorrow and swallowing us all, I'd expect a bounce around here. Put the fibbo ruler on just for a guide, since so many do watch it. I'm not into that religion per se, but seems like a reasonable place for a bounce. Until a/d and a/d vol make a good showing, every bounce is just a trade. Much more interesting is the NYA: trendvue.com Until the last few days the NYSE Composite, and a great many sectors, had been very strong but now many tests of top are in, in progress or strong up moves have simply reversed. Since these markets have not been suffering much pain, I have to wonder if we'll see some rotation out of these names and money pop into tech. Some of the down days as of late have seen Nasdaq outperform intraday, only to fail - this observation seems to support my guess.