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

To: Robert Graham who wrote (7987)	5/11/1998 7:22:00 PM
From: Chris	Respond to of 42787

[Market Index Update - SP500] note: the candlestick analysis is done automatically by metastock. i am not good enough in candlesticks to verify its accuracy. note: i do not have volume data on the mkt indexes ==================== My thoughts: SP500 is also below its 21 day ema ==================== CSS II: Analysis of S&P 500 INDEX (.SPX) Reviewed on 5/11/98 ************************** High: 1,119.130 Low: 1,103.720 Close: 1,106.640 Change: -1.500 (-0.1354%) Volume Today: 0 shares. On 5/11/98, S&P 500 INDEX closed down -1.5000 at 1,106.6400 on volume 0.00% below average. ************************ Summary: Moving Averages S&P 500 INDEX closed at: 1,106.640 The close is currently Above its 5 period moving average (1,106.5491). The close is currently Below its 9 period exponential moving average (1,107.4675). The close is currently Below its 21 period exponential moving average (1,107.2510). The close is currently Above its 50period exponential moving average(1,089.5093). The close is currently Above its 200 period exponential moving average (996.4647). ************************** Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles. A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought). A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.