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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime
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To: the Chief who started this subject7/30/2002 3:01:48 PM
From: Vitalsigns  Read Replies (2) of 62348
 
Chief per our Telephone conversation this afternoon

This is what I wrote in last nights report :

I am looking to exit these positions if the targets are hit within 1%
range for the following reasons:

DIA when DJ 30 hits 8890, This will be close to the 50% fib
retrace, the Lower expanding triangle line, the Bollinger Band Mid
line (Red Ma)@ 8939, and the lows from November 2001.

SPY when S&P 500 hits 911 (I thought I would add some symbolic
number to the equation He he ), This is close to the 944 Sept
Lows, the Bollinger Band mid line (Red ma)@ 948, the 38.2% fib
retrace at 927 and further resistance at 947.

QQQ when Nasdaq hits 1360 , There is the Sept. low resistance at
1387, the Bollinger Band Mid line (red ma) @ 1395 , which
coincides with the 23.6% Fib level from the Jan highs, and the
38.2% from the May high.

XOM when the DJ 30 hits its 8890 target

All targets were within range except for Dow at 1:30 Pm when it stalled, I exited market including the DOW and XOM at that point based on the 2 out of 3 rule. Good enough for me,.

These position were taken on Wednesday with a heads up given to do so in Tuesday nights report .

Now looking for next pivot low to do this all over again into end of aug
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