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 : P&S and STO Death Blow's
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DebtBomb who wrote (22853)1/8/2003 12:49:19 PM
From: Frederick Langford  Read Replies (1) of 30712
 
------------------------------------------------------------
Market Swing Discussion: Chat Room Notes and Recaps
------------------------------------------------------------

Posted by Nikko_thyme on Wednesday, January 08, 2003 - 11:19 am:

Chat Notes : 1/8 10:24 AM

Weekly Signals : All indices are in the UPPER MIDRANGE/OVERBOUGHT
area.

Daily Signals : UPPER MIDRANGE near OVERBOUGHT.

All indices were in the Borderline CLASS 2 SELL area at yesterdays
close, after reaching intraday CLASS 1 SELL's during the highs of the
day.

Two-three intraday CLASS 1 SELL signals can signal a top, even though
none were on a closing basis.

Donald has noticed Evening Star formations on the NAZ, NDX, and (SOX
which is imperfect). On the DOW and SPX there were spinning tops

Over the last few days Donald has been watching a potential double top
on the 60 min chart of the SPX which he is using as a proxy. Now that
the 920 area has been broken to the downside, he thinks a short term
top may have been set and that the market may be on its way down.
Potential downside may be the QQQ 25-25.5 area, where the mkt may
bounce back up, then lower lows are possible as the selling may
resume.

The VIX may have formed a Double Bottom. If it stays positive today it
will also have formed an Island Reversal pattern. If it breaks up
through 35, it could intensify the move up which would be a negative
for the mkt as it moves inversely to it.

The Abbey indicator is working again.

Donald is holding a 50% short position, which is a mix of a short fund
and option positions.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News