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Strategies & Market Trends : P&S and STO Death Blow's

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To: Jeff who started this subject12/6/2002 2:23:48 PM
From: Frederick Langford   of 30712
 
Market Swing Discussion: Chat Room Notes and Recaps
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Posted by Nikko_thyme on Friday, December 06, 2002 - 1:19 pm:

Chat Notes 12/06 12:30 PM

Daily Signals: (Inter-Day)

All signals are CLASS 1 BUY

*(Inter-day signals are not as reliable as closing signals)*

Don has discovered a new weekly indicator which has done well
predicting important top's in the market. It has worked 12 for 12
times from 1999-2002, so its not yet statistically viable, but is off
to a good start. The latest top signal happened two weeks ago. It has
signaled sell-off's up to 24-50% in a bear market. This indicator has
had one late response, where a double top occurred, this could happen
again.

Don does not think he will go long on this set a CLASS 1 BUY'S, but
may close or hedge more of his short positions which are a mix of
options and short fund holdings. If the market goes up Don will start
to add back to his short positions.

Don noticed an Imperfect Three White Soldiers recently on GOLD which
has broken out to the upside. The USD should be watched for weakness
which could help the market drop as well.
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