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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (72230)10/27/1999 9:19:00 PM
From: NickSE  Read Replies (1) of 86076
 
heinz,

A few P&F comments on the market :)

BKX has broken through bearish resistance today with a double top buy signal at 815 and P&F WS sector has reversed into bull alert mode. Banks and financials should strengthen from here.

DXZ9 (US Dollar-Dec. 99) tested its bearish resistance line today at 99.4 and is attempting to reverse its downtrend. Two levels I'd be watching for the confirmation are 99.8 and 101.0 (the latter being more significant).

USZ9 (T-Bond-Dec. 99) remains in its flat to downward trend. A minor buy signal will be generated at 112.25. Weak support at 110.50 and resistance at 115.50 (minor) and 116.50 (bearish resistance line).

GCZ9 (Gold-Dec.99) has given a sell signal at 297. Major support is way down at 264 (bullish support line). XAU gave a triple bottom sell signal at 76 and has dropped like a stone. Next suppport levels at 63 and 58.

CLX9 (Oil - Nov. 99) has given a double bottom sell signal today at 21.90 and appears to be headed to critical support at 20.6. Transports may be worth a look if 20.6 doesn't hold (i.e. airlines).

however, i believe we're in for business as usual.

hohoho...all disclaimers apply and IDKJS...

Take care,
Nick
...off to
get some grub
and watch South
Park...
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