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

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To: Jeff who wrote (29525)3/27/2003 9:43:57 AM
From: Frederick Langford   of 30712
 
Market Swing Discussion: Don Sew's Chat Room Notes and Recaps
------------------------------------------------------------

Posted by Nikko_thyme on Wednesday, March 26, 2003 - 10:19 pm:

Chat Notes Wed 3/26/03 9:00 PM

Weekly Signals : All Indices in the UPPER MIDRANGE

Daily Signals :

RUT : MIDRANGE

All others : LOWER MIDRANGE

HUI : LOWER MIDRANGE

GOLD : Can go lower, but may be close to forming an intermediate term
bottom.

The capitulation indicator has reached the CLASS 2 BUY area. A CLASS 1
BUY would signal a new Tsunami reading, and could be reached easily.
(It could turn from here, but a CLASS 1 BUY would be more reliable.)

The end of month/quarter time frame approaching may be a positive for
the mkt.

Donald remains bearish, but has reduced his short position down to 15%
because this appears to be a somewhat unpredictable news driven
environment.

Fred
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