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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (243050)5/29/2003 3:19:46 PM
From: Bid Buster  Read Replies (2) of 436258
 
Market Swing Discussion: Don Sew's Chat Room Notes and Recaps
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Posted by Nikko_thyme on Thursday, May 29, 2003 - 12:58 pm:

Chat Notes : Thur 5/29/03 11:30

Daily Signals : At the markets high of the day, the indices were in
the Intraday CLASS 1 SELL / Borderline CLASS 1 SELL area.

Donald will be monitoring any pullback, and may hedge or reduce some
of his short positions, which he is still holding, depending on his
opinion of the market environment during any move down. He mentioned
that the market may come back up to retest the high if it sells off.

The Tsunami and weekly CLASS SELL signals have not been negated, but
Donald will be watching for that possibility.

If Donald gets closing CLASS 1 SELL signals (a 4:00 close at or very
near the days market high), he may add additional shorts to his
existing 91% position. He explained that he built up this position to
this large size because he was working with profits from last year.

The Bear Flag/Wedge on the NDX may be breaking out to the upside, but
Donald will be watching for a significant break before considering it
overly bullish so as to avoid being whipsawed.

The Great Oz Has Spoken
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