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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (242)11/17/2000 3:53:46 PM
From: Chip McVickar  Respond to of 12411
 
GZ,

Message 14834633

A Doji Year Coming in 2001...?:

The weekly doji on the Nasdaq has moved on to a plan old upside down melting popsicle.
But the daily could form one at the close.

Weekly Dow and SPX charts may form one on the close.

I think the weekly charts are very important at this time.
SPX weekly entered a down trend 4 weeks ago and that is the first since April 1994.

DJIA entered a down trend in Feb and almost made it out in August. Again 94 was the last down trend of any substance.

Compx Weekly entered a down trend 10 weeks ago and is buried. Again 94 is the last

The Good News..., all but the DOW is indicating an oversold condition. (If you have any faith in these Indicator thingies....?)

I still believe, this week or at the end of this political theater (I wish they'd turn it into a Musical), the markets will rally into early January and then we'll enter a period similar to 1994. Still range bound, but more volatile.

1994 - A Doji Year
open---465
close--459
high---482
Low----435