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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 (3627)10/30/2001 5:21:32 PM
From: Davy Crockett  Read Replies (2) | Respond to of 5144
 
Hi Cush,

Well, I finally bit the bullet & bought some XIT.to today

Daily chart: stockcharts.com[w,a]diclyymy[dc][pc5!c21!b50!b100!h.02,.20!i!b200!f][vc60][iut!ul14!lc20!la12,26,9!lh14,3!lb14!lg]

Interesting chart <g> Positives: +Dmi over -Dmi, volume decreasing suggesting a lessoning of selling pressure which is possibly reflected in the doji that was formed today (needs confirmation though). The uptrend in the index is intact (higher highs & higher lows since the reversal from Sept. 24.

Negatives: -Dmi crossed over the ADX (which ain't good & the ADX turned down suggesting that the prior trend (up), is weakening -- (NO Kidding) LOL
SAR turned down, MACd, RSI, Slo stochs all turned down.

The real concern I have here is the negative cross-over on the OBV.

So, why did I buy this?
I am very intrigued by the Doji candle that formed today. Also, in conjunction with some of the techie stocks that I follow (on the NAZ... for example ARBA PHPI), a divergence of some sort may be developing.

Anyway, gotta go, 'mental' <LOL> stops r in in case I'm wrong.

Regards,
Peter



To: Cush who wrote (3627)10/31/2001 4:11:45 PM
From: Cush  Read Replies (1) | Respond to of 5144
 
<font color=orange>The Indexes - Wednesday, October 31th

Nasdaq Daily back into a buy signal.

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

Dow Weekly - Sell | Sell | Sell | Sell

Dow Daily - Buy | Buy | Sell | Sell

Nasdaq Weekly - Sell | Sell | Sell | Sell

Nasdaq Daily - Buy | Buy | Sell | Buy

TSE Weekly - Sell | Sell | Sell | Sell

TSE Daily - Buy | Hold | Sell | Sell

Gold Bugs Weekly - Hold | Hold | Buy | Buy

Gold Bugs Daily - Sell | Hold | Buy | Buy

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

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

Cush