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Strategies & Market Trends : Group Theories
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To: macavity who wrote (749)10/17/2003 3:42:48 AM
From: macavity  Read Replies (1) of 1017
 
ST Outlook: US Market Indices.

ST Outlook: (Neutral from Bullish/Neutral)
ST_MOMENTUM goes Neutral and we are o/bt on all DAILY Stochastics (ST_TrendOscillators).

We saw the $INDU DAILY chart turn down, and the $COMP clipped a new low (but closed positive).
We are pinning $SPX=1050, a resolution will be arrived at after expiry.

ST_CHARTS are therefore Neutral.
A break of PVTLOWS turns them BEARISH, a break of PVTHIGHs turns us BULLISH.
As this is Friday, this weeks low - $SPX=1039.29 will most likely serve as the IT PVTLOW for next week. I will be away for today, so I will have to just look at charts when I return.

ST_CHARTS are Neutral whilst 1043.15< $SPX < 1053.79.


	MO	PVT	PVTHIGH	PVTLOW
$SPX	#N/A	BULL	1053.79	1043.15
$OEX	#N/A	BULL	525.9  	520.16
$COMP	#N/A	#N/A	1951.76	1930.28
$NDX	#N/A	BULL	1439.97	1409.77
$INDU	#N/A	BEAR	9823.42	9730.38


-macavity
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