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

To: dennis michael patterson who wrote (13538)	8/1/1998 9:26:00 AM
From: Magnatizer	Read Replies (2) \| Respond to of 42787

Dennis sorry for the delay. Jerry is bothered by the failure to hold the gains from Thursday. Says that 86-8700 area is very important on the Dow. 8524 is critical for the month of August. He pointed out how the STIX and the 14 day RSI on the A/D line are both extremely oversold. He says if we don't rally off of this soon the dynamics of the market are changing. I assume he meant the bear is here if we don't rally soon. He also was asked if he agreed with the correlation between the current market and the 87 market. He said yes there are many similarities. overall, fairly bleak. ht david

To: dennis michael patterson who wrote (13538)	8/1/1998 12:13:00 PM
From: Chris	Respond to of 42787

hi dennis, any rally we get in the mkt will prob. go up to 9083.88 on the DOW. that is my MAX figure. 50 day ema will be another resistance (as we've seen DOW has TRIED to get above it. it has a couple times, but the next day, it always goes below it ) CSS III: Analysis of DJ INDUSTRIAL IDX (.DJI) Reviewed on 7/31/98 ************************** High: 9,030.040 Low: 8,828.190 Close: 8,883.290 Change: -143.660 (-1.5915%) Volume Today: 0 shares. On 7/31/98, DJ INDUSTRIAL IDX closed down -143.6602 at 8,883.2900 on volume 0.00% below average. ************************ Summary: MOVING AVERAGES DJ INDUSTRIAL IDX closed at: 8,883.290 The close is currently Below its 5 period exponential moving average (8,957.3135). The close is currently Below its 9 period exponential moving average (8,999.5283). The close is currently Below its 13 period exponential moving average (9,023.9629). The close is currently Below its 21 period exponential moving average (9,037.1152). The close is currently Below its 50 period exponential moving average(9,007.8809). The close is currently Above its 200 period exponential moving average (8,549.8320). ******************************************* TREND STRENGTH: - this number represents the trend strength. Ideally, for going long, you want to see a rising value for each progressing day. A low reading (around 20's-40's) represents an oversold condition - this could mean that uptrend might just be starting. A high reading (around 80's-90's) represents an overbought condition - this could mean that uptrend might be limited/topping. Trend Strength for the Last 10 Days 34.2577 39.1517 41.1764 47.0588 53.3866 57.9016 66.0271 75.4595 83.5925 87.9184 87.7475 Super MACD Currently the MACD is bearish since it is trading below its signal line.The MACD crossed below its signal line 6 period(s) ago. Since the MACD crossed its moving average, DJ INDUSTRIAL IDX's price has decreased 0.56%, and has ranged from a high of 9,156.460 to a low of 8,816.090. SUPER RELATIVE STRENGTH (Super RSI) This customized RSI shows overbought (above 80) and oversold (below 20) areas. The current value of the Super RSI is 36.49. The Super RSI can also be used with when it moves above and below the 60 trigger line. Currently is Below the 60 trigger line. PARABOLIC STOP AND REVERSE (SAR) There were no SAR signals generated today. The last signal was a Sell 8 period(s) Ago. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. Always use other indicators/forms of analysis to confirm.

To: dennis michael patterson who wrote (13538)	8/1/1998 12:17:00 PM
From: Chris	Read Replies (2) \| Respond to of 42787

do notice that my commentary now includes the 13 ema level (thxs to judy) and also a data of TREND strength of 10 days back. (for sonki) This weekend, i've been doing: 1) finalizing my buy list stocks 2) finalizing my buy list mutual funds. for trading (high return) 3) working on 2 new indicators -- one involving relative strength vs sp500. The other involves similiar to a support moving average (i mentioned earlier to lisa) 4) Doing shorting paper trades. why sit out of the mkt when you can make money on the downside?