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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Cush who wrote (3550)10/10/2001 7:51:50 PM
From: Cush  Read Replies (2) of 5144
 
<font color=red>The Indexes - Wednesday, October 10th

Index Period - Weekend | After Monday | After Tuesday | After Wednesday

Dow Weekly - Sell | Sell | Sell | Sell

Dow Daily - Hold | Hold | Hold | Hold

Nasdaq Weekly - Sell | Sell | Sell | Sell

Nasdaq Daily - Hold | Hold | Hold | Hold

TSE Weekly - Sell | ---- | Sell | Sell

TSE Daily - Hold | ---- | Hold | Hold

Gold Bugs Weekly - Buy | Buy | Buy | Hold

Gold Bugs Daily - Buy | Buy | Hold | Sell

Oil & Gas Weekly - Buy | ---- | Buy | Buy

Oil & Gas Daily - Buy | ---- | Buy | Buy

More indecision?

We've now got-
four Hold Signals
four Sell Signals
two Buy Signals

Those three Sell Signals on the Exchange Weekly Charts are still very significant to me.

The Daily Gold Bugs Index dropped into a Hold Signal, yesterday, and a Sell Signal today, as the negative DMI cross confirmed the negative 20 day MA cross.

stockcharts.com[e,a]dallyimy[dc][pb20][vc60][iud20!ub14!ll14!la12,26,9!lp14,3,3!lc20][J1218073,Y]

Note that the price dropped through support on that Daily chart. On the other hand, the Stochastic is entering the oversold zone.

Cush
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