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: Chris who started this subject4/10/2001 7:14:56 PM
From: donald sew  Read Replies (1) of 42787
 
APRIL 10 INDEX UPDATE
--------------------------------
Short-term technical readings:
DOW - borderline CLASS 2 SELL signal
SPX - borderline CLASS 2 SELL signal
OEX - borderline CLASS 2 SELL signal
NAZ - overbought region
NDX - overbought region
VIX - oversold region(inverse to market)
VXN - oversold region(inverse to market)

Per my short-term technicals the overall market is in the overbought region, and if the market continues up I would get CLASS 1 SELL signals in 1-2 days with the window a day later, so a short-term top could arrive THUR/FRI.

There were two significant positives which developed today:
1) DOW produced a complete short-term cycle of a HIGHER LOW and HIGHER HIGH

2) NAZ/NDX broke above the JAN declining trendline

The DOW may be forming a rising FLAG/WEDGE but there are only 2 touches on the upper and lower trendlines, so it needs more confirmation. I prefer at least 3 touches, but wanted to mention that such may be forming since it is bearish down the road.

Per our website mutual fund account we closed 2 positions in the UOPIX(long NDX) - we still have 5 long positions open. In our option account we are still holding the QQQ JAN 03 CALL which we bought at 14.10, and at todays close was valued at 19.40.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News