Monday, August 28, 2000:  Not so much in the way of new sells, but the bearish signals have been getting stronger over the last 2-3 weeks. It looks as though our original sell (which we admitted at the time as being weak) was very weak indeed--really only temporary. We should thus expect one of two situations in the immediate future. Most of the major indices (particularly in high tech areas) are encountering (or are about to reach) resistance areas which they have had trouble overcoming in recent past. As such, we should get a stronger, legitimate sell shortly (in the next few days to 2 weeks), or many of the sells we currently have will become buy signals, if these indices are able to push through to new (recent) highs. The more likely of these two possibilities is the former, and we should get an ensuing buy signal (at lower levels, after the market has dropped some) which would then carry stocks to higher highs.

Tuesday, August 22 - Wednesday, August 23, 2000:  Still strongly bearish (though not as strong as previous week), with a little more weight being thrown behind the internet downside (arba in particular, though it may break upside just a little in the short term before continuing its downmove). Basically all of the technology indices are sitting on their 50-day moving averages (nasdaq, semiconductor, and internet from beneath--ie likely bounce off to the downside, and biotech from the top, though it did penetrate it's 50-day briefly to the downside a few days ago). We'll soon see what happens.

Friday, August 18, 2000:  We've could get a sell execute on the Nasdaq by as Early as Tuesday, depending on how things play out. The sell continues to get stronger as 25 of 46 signals now are either -5s or -4s (overall strength factor of 172, strongest in weeks). All for now... maybe more later this weekend after more analysis. It's Friday night, and I've got to get out to some parties.

Thursday, August 17, 2000:  Not a whole lot to add, really. Certain areas of the market were taking a breather today, while others (those which had not yet started down) are getting more overextended. The sells we're getting are getting stronger and more widespread. We do have a few bullish signals beginning to enter into the picture, however, most of them will require something of moderate downmove before executing.

Tuesday, August 15, 2000:  Not really a whole lot to add today. The market kicked off right on time and should continue on down for a little while. If today's strength in the semiconductors led anyone to believe the sector might succeed in bucking the trend... think again. Semiconductors should get hit as badly (or worse) as the rest. Internets should also turn down, but it looks like once they find a good support level, the next upmove should be pretty strong, probably surpassing the recent highs of mid-July. As for today's signals... more of the same. Volume (of signals) is good, ratio is strong, volume of executables is very strong, strength of signals is fine. Strength of executables is just a touch sub-par, but it doesn't matter, because the sell has already been signaled. And that sixth criteria I've been working on (overall strength) comes out a little stronger than the typical minimum for a minor / intermediate trend reversal. Look for continued down trend across all markets over the next week or two.

Thursday, August 10 - Monday, August 14, 2000:  Well, as it turns out, we got no signals for Friday or for today (Monday), but we did get more bullish readings on both days (significantly more bullish for today), as was reflected in the market action on those respective days (not that we are meant to be able to predict day-to-day movement with any degree of accuracy). Anyway, I was hoping not to have to send out an update until tomorrow, but we've got some stuff to cover pre- market open, so here goes. First, it looks like the fact that the criteria did not allow a sell several days ago, despite the bearishness among most of the stocks has been borne out as a good thing. The direction of the market is unchanged (most recently--up) until we actually get a signal. That being said, according to the criteria, we got a sell on the market for tomorrow. It is one of the weaker sells that we've seen, and a sixth criteria that we're currently developing, but not using yet is yet too weak to confirm this sell, but we do have a sell nonetheless. Our only caution would be that both due to the nature of that sixth criteria (overall strength of move) and because we still need 2 or 3 days to get the sell execute on the NASDAQ 100, it is possible that this sell could be premature by a couple of days (but probably not by more than that). We have a weak sell execute on one technology index for tomorrow, so it looks like we may get the weaker issues starting to break down in profit-taking tomorrow, followed over the course of several days by the stronger securities.

Wednesday, August 9, 2000:  This thing apparently just doesn't want to give up. This time, we've got the volume (of signals), we've got the strength, and we've got the executables, but we don't have a strong enough ratio of bearish to bullish. No sell yet. 

Tuesday, August 8, 2000:  Ok... we're getting close to a sell, according to our criteria, although we've definitely got the strength and the ratio of bearish to bullish, we are just a little bit low on the volume of signals, and we don't quite have the strength on executables that we need. Add semiconductors and computers to the list of industries preparing to turn down (along with oil services, financials, internets, and biotechs).

Monday, August 7, 2000:  Well, we've got a hell of a lot of executables (almost 50% of signals), but the majority are strength -1 and -2 (i.e. not that strong--strength goes from +5 to -5). 10:1 in favor of bearish, but not enough volume or strength to tell us it's turning around. We do not have an overall sell yet (though we may see some weakness in the dow, with recent sell signals on dow tracking stocks).

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