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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?


To: Cush who wrote (3597)10/23/2001 5:56:05 PM
From: Canuck Dave  Respond to of 5144
 
Things are settling down. The VXN is low again.

Bulls and Bears both still have good cases. I think the notion of swing markets for the next few years is pretty accurate.

That's the way I'm playing it.

CD



To: Cush who wrote (3597)10/24/2001 4:37:40 PM
From: Cush  Read Replies (1) | Respond to of 5144
 
<font color=red>The Indexes - Wednesday, October 24th

Again - no change

Index Period - Weekend | After Monday | After Tuesday | After Wednesday

Dow Weekly - Sell | Sell | Sell | Sell

Dow Daily - Hold | Buy | Buy | Buy

Nasdaq Weekly - Sell | Sell | Sell | Sell

Nasdaq Daily - Buy | Buy | Buy | Buy

TSE Weekly - Sell | Sell | Sell | Sell

TSE Daily - Hold | Hold | Hold | Hold

Gold Bugs Weekly - Hold | Hold | Hold | Hold

Gold Bugs Daily - Sell | Sell | Sell | Sell

Oil & Gas Weekly - Buy | Buy | Buy | Buy

Oil & Gas Daily - Hold | Buy | Buy | Buy

Still stuck on some resistance/support lines in the major exchanges.

Interesting to see a close on the Nasdaq above the weekly low close of 1720, set on April 2nd.
The weekly chart deals with weekly closing numbers, so now we will see if we stay above that mark through Friday's close.

On the TSE300 Daily chart, the hold signal became even thinner.
The Daily close was 6896.9
The 20 day MA is at 6893.4

A close below the 20 day MA, combined with the current negative DMI signal, would generate a sell signal.

Cush