Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: Challo Jeregy who wrote (33947)	3/23/2003 10:10:33 PM
From: Challo Jeregy	Read Replies (1) of 57110

Chat Notes : Sun 3/23/03 8:00 PM Weekly Signals : All indices are in the OVERBOUGHT Region, CLASS 1/2 SELL signals may arrive as soon as this week. Daily Signals : DOW, SPX, OEX, RUT : First confirmation of Negated CLASS 1 SELL. These specific short term signals have been rendered temporarily useless. NAZ, NDX : Have signaled the First Hint of Negated CLASS 1 SELL. SOX : Only reached Borderline CLASS 1 SELL last week. USD : CLASS 2 SELL HUI, GOLD : Have formed 3 Black Crow patterns. The capitulation indicator has reached the CLASS 2 BUY area. A CLASS 1 BUY would signal a new Tsunami reading. Donald is currently holding a 45% short position. He will add 10% short positions if the market continues higher by the day until his holdings reach 65-75% short. He does not think the market internals are supporting a continuation of a move up. Many Marazubos were formed on Fri which may signal a reversal down.

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