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To: jjstingray who wrote (46412)7/19/2002 3:14:10 PM
From: Lee Lichterman III  Respond to of 209892
 
Sorry, I was out doing battle with Real Estate agents and missed it. I have missed the last 5-6 he has had. I am sure Nikko Thyme will post a recap soon as he gets a chance and I will echo it here.

Descending triangle on the COMP on a 5 minute scale? Look s like a break down coming into the close BWDIK. Not playing it, just commenting.

Shack - No problem, I was just curious and I want to know how to keep others from taking advantage of that feature in case of abuse. I am looking at the programming code now to see if I can hunt down hanging chad charts. -gggg-

Good Luck,

Lee



To: jjstingray who wrote (46412)7/19/2002 3:19:06 PM
From: Lee Lichterman III  Read Replies (2) | Respond to of 209892
 
Posted by Nikko_thyme on Friday, July 19, 2002 - 3:11 pm:

Chat Notes: 7/19 1:30 PM

Weekly/Monthly Signals: Are lining up as CLASS 1 BUY signals.

Daily Signals: (INTRADAY)

DOW: OVERSOLD, nearing CLASS 2 BUY

SOX: OVERSOLD

NAZ, NDX: LOWER MIDRANGE

VIX, VXN: OVERSOLD

USD: Had a CLASS 1 BUY several days ago, which produced a small
bounce, but was a poor response. Donald thinks the USD looks sick.

If the market was to continue down Donald's signals may hit the CLASS
1 BUY area by Monday-Tuesday. Donald is holding his short positions
over the weekend in anticipation of more down, where the Friday/Monday
effect may occur. (That is when Mon. is flat or down, following a down
Friday.)

Donald is expecting a rally cycle of 21-34 days. If the market rallies
up the expected 18-20%
Donald thinks the market could sell off again, and make lower lows.

Donald noted that a bottom will likely be formed when there is selling
across all indices together, not during sector rotation.

The new indicator had a reading of 3.75 Bar's, which is close to the
reading which occurred in September 2001.