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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (90797)7/3/2002 12:24:53 PM
From: Frederick Langford  Read Replies (2) | Respond to of 99280
 
Here are Don Sew's chat notes:

Donald Sew signal update
Chat Notes: 7/3 11:00 AM

Weekly Signals :

All indices are in the Borderline CLASS 1/CLASS 1 BUY area

Daily Signals: (INTRADAY)

NDX, SOX : Intraday CLASS 1 BUY

NAZ, S&P, OEX : Borderline Intraday CLASS 1 BUY

DOW : Intraday OVERSOLD

XAU : CLASS 2 BUY (FROM YESTERDAY)

If the market closes at the lows Donald will have a firm CLASS 1 BUY
on the NDX, SOX, and maybe also on other indices.

If the market closes down today the SPX, and the RUT may form THREE
BLACK CROWS on the daily chart. The DOW may form an imperfect THREE
BLACK CROWS today.

Monthly charts are showing THREE BLACK CROWS formed on USD, and the
SOX. The RUSSELL has a pending monthly THREE BLACK CROWS pattern
forming.

The new indicator is giving an Intraday reading of 2.9 BARS.

Donald is planning on covering his short positions if the market
closes down today. He is thinking about going long after a potential
retest of the lows which may be forming now. If he goes long today it
will only be a small position and would depend on how the market
closes. After reviewing more data in the days ahead, if there is a
successful retest Donald will consider a larger long position.