Jeff,
"the reason these threads are dead and have very few posters as compared to last year is because everybody followed the same 3-4 gurus who have been very wrong since last summer on rally calls before a dump last year and then missing both the november and now this rally....."
Yeah, Jeff, no one seems to know what's going on so people aren't posting much. Here's Sew's latest:
Chat Notes:
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Posted 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. |
