SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack -- A Complete Analysis

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: donald sew who wrote (35684)11/15/2000 6:26:49 PM
From: donald sew  Read Replies (1) of 42787
 
NOV 15 INDEX UPDATE
-------------------------
Short-term technical readings:
DOW - midrange
SPX - midrange
OEX - midrange
NAZ - midrange
NDX - midrange
VIX - 29.00, lower midrange(inverse to market)
CBOE PUT:CALL - .62

My short-term technicals are again in the middle, but approaching upper midrange territory. If the overall market was to continue up, I would get a CLASS 1 SELL signal in 2-3 days, and for a CLASS 1 BUY SIGNAL in 3-4 days.

As mentioned previously, I am suspecting ZIG-ZAGs for this week, then selling to resume next week. Im more inclined that the forthcoming short-term pullback may produce a HIGHER LOW, which is bullish.

Thereafter the end-of-month rally to lead into the XMAS rally. So Im suspecting, for now that the MORNING DOJI STAR in the NAZ/NDX may have set the mid-term bottom.

Surprisingly, the "3-WHITE SOLDIERS" in the DOW has not yet been negated.

As previously mentioned we had the positive divergences in the NAZ NEW LOWs and the MACD, which is still present/pending.

Per our mutual fund account, we are still slightly biased to the upside. On any decline we will maintain our UOPIX(long-NDX) position, but will close our USPIX(short-NDX) positions, in order to establish a firm LONG BIAS going into DEC.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext