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Market Swing Discussion: Don Sew's Chat Room Notes and Recaps
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Posted by Kate99 on Wednesday, April 09, 2003 - 9:46 pm:
Chat Notes : Wed. April 9, 2003
Daily closing Signals:
Dow, Spx, Oex - oversold
Nasdaq, Sox,- oversold near class 2 Buy
Ndx - Borderline class 2 Buy
Rut - lower midrange
Hui - overbought approaching class 2 sell
Vix, Vxn - lower midrange
If the market continues down, the Ndx could become a class buy
tomorrow and the other indices on Friday.
All indices had marazubo close readings today so there may be a bounce
tomorrow.
Weekly Tsunami is oversold region. It never gave a closing signal, but
he had 4 intraday signals. Therefore, Don will assume that Monday was
the high and is taking the position that the Tsunami has already begun
Donald opened a short position on Monday. |
