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Adam Oliensis Profiles the Following Issue: S&P 500 Index.


Business Editors

CHICAGO--(BUSINESS WIRE)--Dec. 24, 2002

At this erratic time in the marketplace, it benefits investors to have a nimble nim·ble  
adj. nim·bler, nim·blest
1. Quick, light, or agile in movement or action; deft: nimble fingers. See Synonyms at dexterous.

2.
 portfolio so they can capitalize on Cap´i`tal`ize on`   

v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>.
 all types of sentiment. Adam Oliensis keeps subscribers abreast of market activity so that they know when to jump and when to stay on the ground. Read his take on the S&P 500 Index (CIN CIN cervical intraepithelial neoplasia.
Cervical intraepithelial neoplasia (CIN)
A term used to categorize degrees of dysplasia arising in the epithelium, or outer layer, of the cervix.
:SPX (Sequenced Packet EXchange) The transport layer protocol in the NetWare operating system. Similar to the TCP layer in TCP/IP, it ensures that the entire message arrives intact. SPX uses NetWare's IPX as its delivery mechanism. ). Click here for the full story exclusively on Zacks.com: http://featuredexpert2bw.zacks.com/

Here are the highlights from the Featured Expert column:

SENTIMENT DASHBOARD

SENTIMENT TANK: The tank drained from 66% full down to 60% full on Friday. However the trend of negative sentiment since early December is RISING. A break through 70% and we'll be headed for a full-on retest re·test  
tr.v. re·test·ed, re·test·ing, re·tests
To test again.

n.
A second or repeated test.
 of the October lows in the market.

SHORT-TERM: The short-term (hourly) sentiment trend had indeed reached a bearish Bearish

Words used to describe investor attitude. A bearish investor believes that a particular asset or the market as a whole will decline in value.


bearish 
 climax by Thursday's close. That bullish hourly trend may well have exhausted itself by close of trade on Friday. The hourly sentiment gauge has just begun to back off.

MID-TERM: The mid-term gauge dropped a couple points further into its bearish trend, down to 50. The downtrend downtrend

A series of price declines in a security or the general market. Many analysts feel that investors should avoid securities in a downtrend until the pattern is broken. Compare uptrend.
 is half way to exhaustion on the gauge with the market having retraced 38% of its fall advance. From the 50 level there is no particular overbought/oversold pressure up or down, though the mid-term momentum is still to the downside Downside

The dollar amount by which the market or a stock has the potential to fall.

Notes:
You might hear someone say that the downside on stock XYZ is $10. What that means is that the stock could fall by this amount if things got bad.
.

LONG-TERM GAUGE: The weekly signal remains neutral after the October-November rally.

S&P 500 Index (CIN:SPX) is caught in a descending triangle and below its 10-dma. We may well see volume remain light as long as the index remains within that triangle (and below the 10-day moving average (10-dma)). As long as the volume remains light we'll remain within the triangle.

Use Adam Oliensis' charts to better understand his extensive market analysis, and get his buy and sell recommendations as they occur as well as his "Technical Trading Course" special report, by clicking: http://featuredexpert3bw.zacks.com/

About Zacks Featured Experts

To be a successful investor you need professional advice. Experts who know what they're talking about and can help you achieve your financial goals in good markets...and especially in bad ones will help you improve your portfolio. That is why Zacks Investment Research Zacks Investment Research

A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms.
 has assembled the best investment experts in the business to offer their powerful advisory newsletters to you on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc.

Recommendations from Featured Experts Highlighted in FREE Investment Newsletter

The best way to tap into the powerful advice from these experts is through our free weekly e-mail newsletter, "Profit from the Pros". Each week we highlight several Featured Experts in this free e-mail See Internet e-mail service.  newsletter. Get your free subscription to "Profit from the Pros" at: http://www.freeprofit1bw.zacks.com

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1981 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind our work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. Our goal is to unlock their profitable insights for our customers. And there is no better way to enjoy this investment success, than with a FREE subscription to "Profit from the Pros" weekly e-mail newsletter. For your free newsletter, visit http://www.freeprofitbw.zacks.com

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation solicitation

In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual
 to buy or sell any security.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 24, 2002
Words:638
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