Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (1904)	9/20/2002 12:14:06 AM
From: Libbyt	Read Replies (1) of 57110

Posted on another SI Board: Message 18013517 DON SEW Chat Notes 9/19 8:30 PM prepared by Nikko_Thyme Daily Signals: (Closing Basis) All indices closed with CLASS 1 BUY signals. VIX: CLASS 2 SELL Donald closed all of his remaining short positions, and opened a small long position today at the close. The SOX gave the first hint of being a negated CLASS 1 BUY today. If the SOX closes negative at the low of the day tomorrow it will give confirmation of being negated. The capitulation indicator now has a weekly reading which is higher than the weekly reading from July. The daily capitulation reading closed at 5.4 which is 2 points above the mean, it was 5.96 in July. Donald mentioned that he has not established a long history with this indicator. He noted that the indicator could go higher, but it is at a point where its in the region of a double top, and has met the criteria for a 20% + rally. If tomorrow gaps up and closes up, forming a white candle on the NDX it will form a Morning Star reversal signal. The DOW, SPX, and OEX formed Marazubo's which may also signal a reversal especially since they lined up with CLASS 1 BUY signals.

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