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

To: ViperChick Secret Agent 006.9 who wrote (9324)	6/2/1998 6:29:00 PM
From: Chris	Respond to of 42787

mkt stats: CSS II: Analysis of DJ INDUSTRIAL IDX (.DJI) Reviewed on 6/2/98 ************************** High: 8,976.680 Low: 8,872.300 Close: 8,891.240 Change: -31.130 (-0.3489%) Volume Today: 0 shares. On 6/2/98, DJ INDUSTRIAL IDX closed down -31.1299 at 8,891.2402 on volume 0.00% below average. ************************ Summary: Moving Averages DJ INDUSTRIAL IDX closed at: 8,891.240 The close is currently Below its 5 period exponential moving average (8,933.4063). The close is currently Below its 9 period exponential moving average (8,972.4209). The close is currently Below its 21 period exponential moving average (9,018.7803). The close is currently Below its 50 period exponential moving average(8,943.2041). The close is currently Above its 200 period exponential moving average (8,315.5791). ************************ Candlesticks (Automatically done by Metastock. Accuracy Unverified) A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 23 white candles and 27 black candles for a net of 4 black candles. An engulfing bearish line occurred (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend. It then signifies that the momentum may be shifting from the bulls to the bears. If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with DJ INDUSTRIAL IDX), it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body. CSS II: Analysis of S&P 500 INDEX (.SPX) Reviewed on 6/2/98 ************************ High: 1,098.710 Low: 1,089.670 Close: 1,093.220 Change: 2.240 (0.2053%) Volume Today: 0 shares. On 6/2/98, S&P 500 INDEX closed up 2.2400 at 1,093.2200 on volume 0.00% below average. ************************ Summary: Moving Averages S&P 500 INDEX closed at: 1,093.220 The close is currently Below its 5 period exponential moving average (1,094.4630). The close is currently Below its 9 period exponential moving average (1,097.9313). The close is currently Below its 21 period exponential moving average (1,102.9552). The close is currently Below its 50 period exponential moving average(1,095.9178). The close is currently Above its 200 period exponential moving average (1,011.5668). ************************ Candlesticks (Automatically done by Metastock. Accuracy Unverified) A white body occurred (because prices closed higher 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 24 white candles and 26 black candles for a net of 2 black candles. CSS II: Analysis of NASDAQ COMP (.IXIC) Reviewed on 6/2/98 ************************ High: 1,764.840 Low: 1,757.920 Close: 1,761.790 Change: 14.970 (0.8570%) Volume Today: 0 shares. On 6/2/98, NASDAQ COMP closed up 14.9701 at 1,761.7900 on volume 0.00% below average. ************************ Summary: Moving Averages NASDAQ COMP closed at: 1,761.790 The close is currently Below its 5 period exponential moving average (1,771.7813). The close is currently Below its 9 period exponential moving average (1,786.6852). The close is currently Below its 21 period exponential moving average (1,812.5005). The close is currently Below its 50 period exponential moving average(1,812.6185). The close is currently Above its 200 period exponential moving average (1,686.9796). ************************** Candlesticks (Automatically done by Metastock. Accuracy Unverified) A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles. 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.