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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: dennis michael patterson who wrote (41334)12/2/2002 2:10:15 PM
From: SpecialK  Read Replies (1) of 52237
 
Dennis,
Where are the notes? On marketswing website, the last I see from Don is Posted on Friday, November 22, 2002 - 12:35 pm:

--------------------------------------------------------------------------------
Chat Notes : 11/22 11:15 AM

Weekly Signals : The NAZ and NDX signal was negated, but because Donald is using the SPX as a proxy, and it has not been negated, he is not overly concerned.

Daily Signals:

DOW SPX : CLASS 1 SELL

NAZ, NDX, OEX : Borderline CLASS 1 SELL

HUI : Borderline CLASS 2 BUY signal

The USD is moving in a bear flag.

The market internals have not been supportive of this move up. Donald mentioned the Head & Shoulders pattern on the SPX may have recently turned into a rectangle. The 34 day cycle on the 25th (give or take a few days) now seems as though it will be a high. He studied the open interest and has concluded that the QQQ max pain is around 26.

Donald added to his short position this morning, and if the market closes up or flat he will add more shorts at the close today. He thinks the market may fall toward QQQ 25.5 then rally back up to test the highs, but instead of watching for a target he is going to watch market developments one day at a time.
Ketan
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