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Strategies & Market Trends : Classic TA Workplace

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To: TRINDY who wrote (72832)5/5/2003 3:46:49 PM
From: Paul Shread  Read Replies (1) of 209892
 
Market Swing Discussion: Chat Room Notes and Recaps
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Posted by Nikko_thyme on Friday, May 02, 2003 - 10:49 pm:

Chat Notes : Fri 5/2/03 9:30 PM

Weekly Signals :

SPX, OEX NDX : CLASS 2 SELL

NAZ : Borderline CLASS 1 SELL

RUT : CLASS CLASS 1 SELL

HUI : Nearing CLASS 2 SELL

GOLD : UPPER MIDRANGE

USD : Borderline CLASS 2 BUY w/ a 3 Black Crow pattern.

Daily Signals :

RUT : CLASS 1 SELL

SPX, NAZ : CLASS 2 SELL

All other indices are nearing CLASS 2 SELL

If the market continues higher CLASS 1 SELL signals on the daily and weekly basis may be reached in 1-2 days (may not require much of a move).

Instead of the original 18%, Donald thinks this Tsunami may have a decline similar to previous bull market Tsunamis which were about 12% (or lower) from the high which is set.

Donald is still holding his short positions.
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