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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 (3613)	10/28/2001 9:16:59 PM
From: Cush	Read Replies (1) \| Respond to of 5144

The Indexes - Some Weekend comments. I am going to comment specifically on the Nasdaq Weekly and Daily charts. For a change, I'm going to review these charts from top to bottom. So first, the Weekly Nasdaq (sell signal) www3.sympatico.ca The CCI is coming out of the oversold zone and that's bullish - right? Except that this will be the third time it has happened on this chart, and it didn't mean much the last two times. So, not much to rely on there. The RSI is rising. This too has failed before on this chart, but it is bullish, and I think until it flattens, it should be viewed as bullish. The last confirmed signal was a sell signal in early September, a year ago. It would have been a good time to consider closing long positions in Tech-related stocks. The price is now (MA)1852 - (Price)1769 = (difference)83 points away from a bullish cross. If we get that bullish cross, *and if it is confirmed by the +DI crossing above the -DI*, I will consider that quite bullish for techs. We're not there, yet. We should have some (weekly) support at the 1720 level, now. The ADX is falling (suggesting a non-trending period when one should watch the non-trending oscillator, Stochastic) and the Stochastic is rising from the oversold zone. That's bullish. MACD is not giving any guidance. CMF looks unreliable, for now, though it is slightly positive. Overall, the Nasdaq Weekly looks hopeful, but I wouldn't bet on it, just yet. Now, the Nasdaq Daily (buy signal) www3.sympatico.ca In this case; the CCI is up in the overbought zone and that's not good. I find that the CCI coming down out of the overbought zone is a fairly reliable bearish signal. It hasn't turned down yet, and it may continue up there for some time, but I'll be watching for it to cross below that 100 line. Certainly a time for caution. the RSI looks like it is turning down. This, as well, is bearish, and suggests a pullback may occur. Price is nicely above the 20 day MA, and there should be decent support at about 1700. The DMI is confirming the buy signal and looks pretty bullish. The ADX line may be starting to rise, indicating the start of a trend. If so, the MACD will be the indicator to watch, and the MACD is bullish, with rising momentum lines just crossing the zero and a rising histogram. Stochastic, on the other hand, like it's sisters the CCI and RSI, is up in the overbought zone, and suggests caution. CMF looks great, for now. There's nothing in the Daily chart that will make me sell my tech positions in the morning, but I'll be watching closely, hoping this is the start of a bullish uptrend, and if not, if the ADX starts falling farther (bringing the Stochastic into play) it'll be time to consider exiting some positions. Cush

To: Cush who wrote (3613)	10/29/2001 7:55:42 PM
From: Cush	Read Replies (1) \| Respond to of 5144

<font color=red>The Indexes - Monday, October 29th Index Period - Weekend \| After Monday Dow Weekly - Sell \| Sell Dow Daily - Buy \| Buy Nasdaq Weekly - Sell \| Sell Nasdaq Daily - Buy \| Buy TSE Weekly - Sell \| Sell TSE Daily - Buy \| Hold Gold Bugs Weekly - Hold \| Hold Gold Bugs Daily - Sell \| Hold Oil & Gas Weekly - Buy \| Buy Oil & Gas Daily - Buy \| Buy There are a lot of very thin signals after today's action. The buy signal on the Dow Daily is just hanging on. The hold signal on the TSE300 Daily is close to a sell. The hold signals on the Gold Bug's Indexes (both Daily & Weekly) are very, very close to buy signals. Cush

To: Cush who wrote (3613)	11/3/2001 6:37:34 PM
From: Cush	Read Replies (2) \| Respond to of 5144

<font color=red>The Indexes - Weekend Edition Index Period - Last Weekend \| This Weekend Dow Weekly - Sell \| Sell Dow Daily - Buy \| Hold Nasdaq Weekly - Sell \| Sell Nasdaq Daily - Buy \| Buy TSE Weekly - Sell \| Sell TSE Daily - Buy \| Buy Gold Bugs Weekly - Hold \| Buy Gold Bugs Daily - Sell \| Buy Oil & Gas Weekly - Buy \| Buy Oil & Gas Daily - Buy \| Buy Index charts are now available at my site. www3.sympatico.ca It's worth noting that the Dow Daily, though a hold, is very close to a buy signal, again. All three of the Weekly charts for the Exchanges are still showing sell signals. A good week on the Nasdaq could change that. Gold rebounded, both Daily and Weekly back into buy signals. The Oil&Gas Daily, though still a buy signal, was very close to a hold signal, as the DMI lines converged. Cush