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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (4824)	5/14/2002 8:03:53 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 6346

My last update was that further analysis was not important because I bailed out of my position. Not that I am self centered or anything<g>

To: John Pitera who wrote (4824)	5/14/2002 8:08:42 PM
From: Jorj X Mckie	Respond to of 6346

Well, the charts are shapping up interestingly: 10 Pt SPX looks good for a short. stockcharts.com 50pt INDU at a triple top, but looking somewhat bullish to me. stockcharts.com The 15pt COMP gave a buy signal (as did the 10pt, 20pt and 25pt). Predominant trend is still down, as can be seen on the 50pt chart. I used the 15pt chart to show the similarity with the INDU. stockcharts.com And important point is that, if we turn down from here, the COMP will be a very clear bull trap.

To: John Pitera who wrote (4824)	5/15/2002 2:14:36 AM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 6346

Mr. P, You following crude? $29.36. You know what that means, don't you? Wasn't there some mucky muck at some organization...I think they call it "The Fed", who said that higher energy prices could hurt a recovery? stockcharts.com 38.00 \|\| \| +\| \| \| \| 38.00 37.00 \|\| \| X X\|+ \| \| \| 37.00 36.00 \|\| \| X O X\|O + \| \| \| 36.00 35.00 \|\| \|+ 9 O X\|O + \| \| \| 35.00 34.00 \|\| \|X + + X O A\|O + \| \| \| 34.00 33.00 \|\| \|X O X + X O X\|O + \| \| \| 33.00 32.00 \|\| \|X O X O X O X\|C X + \| \| \| 32.00 31.00 \|\| \|3 O 6 O 8 O \|O X O + \| \| \| 31.00 30.00 \|\| \|2 O X 7 X \|O X O 5 + \| \| \| 30.00 29.00 \|\| \|X O X O X \|O 1 O 4 O 9 +\| X \| \| 29.00< 28.00 \|\| \|1 O 5 O +\|O X 2 X O 8 O \|+ X 5 \|High\| 28.00 27.00 \|\| \|X O X + \|O X 3 X O X O \| + 4 O X \|Avg \| 27.00 26.00 \|\| \|X 4 X + \|O O 6 X O \| X O X \| \| 26.00 25.00 \|\| X \|X O X + \| 7 O \| X O X \|Low \| 25.00 24.00 \|\| X O\|B O + \| O \| X O \| \| 24.00 23.00 \|\| 9 O\|X + \| O \| X \| \| 23.00 22.00 \|\| 8 O\|X \| O \| 3 \| \| 22.00 21.00 \|\| X A\| \| O \|X 2 \| \| 21.00 20.00 \|\| X \| \| B C \|X O X \| \| 20.00 19.50 \|\| 7 \| \| O X O\|X O X \| \| 19.50 19.00 \|\| 5 X \| \| O X O\|X 1 X + \| \| 19.00 18.50 \|\| X O X \| \| O X O\|X O X + \| \| 18.50 18.00 \|\| X O X \| \| O X O\| O + \| \| 18.00 17.50 \|\| 4 O X \| \| O \| + \| \| 17.50 17.00 \|\| X O X \| \| \| \| \| 17.00 16.50 \|\| X 6 \| \| \| \| \| 16.50 16.00 \|\| X \| \| \| \| \| 16.00 15.50 \|\| X \| \| \| \| \| 15.50 15.00 \|\| X \| \| \| \| \| 15.00 14.50 \|\| X \| \| \| \| \| 14.50 14.00 \|\| X \| \| \| \| \| 14.00 13.50 \|\|X 3 \| \| \| \| \| 13.50 13.00 \|\|X O X \| \| \| \| \| 13.00 12.50 \|\|X O X \| \| \| \| \| 12.50 12.00 \|\|1 O X \| \| \| \| \| 12.00