Market Swing Discussion: Don Sew's Chat Room Notes and Recaps
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Posted by Nikko_thyme on Sunday, April 20, 2003 - 9:16 pm:
Chat Notes: Sun 4/20/03 8:00 PM
Weekly Signals :
SPX,OEX,NAZ : OVERBOUGHT
RUT : CLASS 2 SELL
SOX : UPPER MIDRANGE/OVERBOUGHT
USD,GOLD : LOWER MIDRANGE/OVERSOLD
VIX,VXN : BORDERLINE CLASS 1 BUY
Daily Signals :
SPX,OEX,SOX : OVERBOUGHT/CLASS 2 SELL
NAZ, NDX, RUT : CLASS 2 SELL
GOLD : UPPER MIDRANGE
USD : LOWER MIDRANGE w/ a Bearish Thrusting Pattern
VIX : Borderline CLASS 1 BUY
VXN : Borderline CLASS 2 BUY
CAPITULATION INDICATOR : CLASS 1 BUY
The Tsunami had a closing CLASS 1 BUY signal on Friday.
The NAZ, NDX could reach the CLASS 1 SELL area tomorrow depending on
how the market moves.
Donald is currently holding a 58% short position. He plans on adding
additional 5-10% size short positions if the market closes higher in
the days ahead.
Fred |
