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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who started this subject	4/24/2003 12:13:57 PM
From: Frederick Langford	Read Replies (2) of 57110

Market Swing Discussion: Chat Room Notes and Recaps ------------------------------------------------------------ Posted by Nikko_thyme on Thursday, April 24, 2003 - 10:35 am: Chat Notes : Thur 4/24/03 10:00 AM Daily Signals : On (TUE) close Don got CLOSING CLASS 1 SELL signals on the NAZ/NDX/RUT/SOX with the WINDOW until (WED) highs. On Wed close Don got BORDERLINE CLASS 1's on the SPX/OEX. With these BORDERLINE CLASS 1 SELL's there could still be a little more upside, but not much more. He is using the SPX as a proxy. DOW, SPX, OEX : May form imperfect Bearish Engulfing patterns. NAZ : May form an imperfect Evening Star pattern. NDX : May form an Evening Star pattern. If the NAZ, NDX close negative w/ a long black candle body, the pattern may confirm a move down for the market. Don would not be surprised if the market were to move lower and later possibly retest or slightly surpass the resent high especially near the end of the month rally time. Don is currently holding a 70% + short position. Fred

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