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

To: Chris who wrote (8978)	5/27/1998 3:54:00 PM
From: Robert Graham	Respond to of 42787

I was not making a complete techincal observation either. The price action of the indices along with TICK and TRIN helped me make the observation. Also, I think program buys and sells can be used to gauge the extent of the markets bias in one direction. Here we have a program sell at the time the market pulled back and was starting to tip downward. Right after the program sell, the market pulled back again and the price action indicated that buying activity was proportionally becoming larger (selling drying up and/or buying increasing). So given this price action before and after the program sell, and the TICK and TRIN, I thought I was seeing the beginnings of a reversal. The timely program buying helped move things along to the upside. Perhaps the program sellers did not obtain the profit they wanted. So after looking at the results of the artificial downward pressure they placed on the markets, they determined there was more buying interest in the market than they originally anticipated, reversed course, and began program buying? Just an idle thought of mine. Bob Graham

To: Chris who wrote (8978)	5/27/1998 7:24:00 PM
From: Sonki	Read Replies (1) \| Respond to of 42787

Today NDX is up solid .78% the best performance and strong performence. Today for e.g. look at this. naz, ndx,sp500. quote.yahoo.com I don't care to look at dow as it does not represent the market. Nazdaq contains too many stocks that are not part of my portfolio. Why am I telling you all this? Cuz i m hoping that you would track that index as well. If you are going to start including this you may want to start today as today was an important day. You will often want to remember today's low and high as a ref point in future. Everyweekend, I compare my performance to this index and I have a chart of ndx vs. sonki index and tracks real well. Just a thought ! BTW I very much enjoy fruits of your hard work. I only wish people who actually get paid to do this would work this hard. There are many intresting things I could tell you about this index. Long term perform of this index puts sp500 to a shame. btw: intc/msft/csco/dell/wcom makes up a majority (60% of this index)