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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (1693)	6/4/2002 9:01:08 AM
From: J.B.C.	Read Replies (2) \| Respond to of 17639

If you got any nicks from the JXN Bull, cover a few shorts. If you went unscathed stay short! The image though gave me my morning coffee spewage. Off to Alabama today. Jim

To: Jorj X Mckie who wrote (1693)	6/4/2002 9:02:20 AM
From: benchpress550	Read Replies (1) \| Respond to of 17639

Going to put in positive stop losses in so I know i will walk away with some change in my pocket.

To: Jorj X Mckie who wrote (1693)	6/4/2002 9:52:51 AM
From: AugustWest	Respond to of 17639

Started a small position in ECO. Nothing big, just sticking my toe in the water. Will consider adding more on any sizable PB Still holding the core in BGO for the time also. Boy, they are sure looking heady though.

To: Jorj X Mckie who wrote (1693)	6/4/2002 10:13:34 AM
From: Challo Jeregy	Respond to of 17639

from Donald last night - Chat Notes 6/3 9:00 PM Weekly Signals: RUSSELL: CLASS 2 BUY/Borderline CLASS 1 BUY SPX: OVERSOLD/ near CLASS 2 BUY NDX: OVERSOLD SOX: CLASS 2 BUY UTIL: LOWER MIDRANGE Daily Signals: (Closing Basis) OEX, SOX, NAZ, NDX: Borderline CLASS 1 BUY SPX, DOW: CLASS 2 BUY VIX: OVERBOUGHT, near CLASS 2 SELL UTIL: CLASS 1 BUY USD: Has set a Lower Low Regarding Donald and Lee's NEW INDICATOR : On 4/29 Donald mentioned the new indicator would likely produce a second leg (double top) within two months which pointed to the end of June. That double top is forming now, so the capitulation phase will happen now, or the market will rally some and more capitulation will come by the end of June. The new indicator once made a Triple Top, which is possible for this time as well, and would line the indicator up with the Nine Month Cycle Low. The Market Internals do not look good. Donald pointed everyone's attention toward this site stockcharts.com where we looked at the Weekly View of the NAZ New Highs-New Lows. Donald pointed out that the chart appears to have reached a plateau, and is either consolidating before a new leg up, or it is ready to head down. Donald thinks it is likely headed down because the RUSSELL, which has acted as a pillar of strength has set a lower low and is in a down channel.