Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Effective Trading In Our Markets. Learn, then Earn -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (1172)	7/29/2002 1:16:30 PM
From: Frederick Langford	Read Replies (1) \| Respond to of 1854

Chat Notes 7/29 11:00 AM from Nikko Thyme Daily Signals : (INTRADAY at the highs of the morning) DOW : CLASS 2 SELL SPX, OEX : Borderline CLASS 2 SELL NAZ, NDX : MIDRANGE USD : Borderline CLASS 1 SELL It would take 1-2 days to reach a CLASS 1 SELL on the signals if the market were to continue up. If today closes up at the highs Donald will close his remaining long position, and (may) open a small short position. Donald noted that an expanding monthly THREE BLACK CROWs pattern was developing on the NAZ, and NDX. It has been built on an inter-monthly basis, but will need to close the month out to see how it develops and completes. It is not uncommon to get a move up after these patterns are built. As noted before the SOX, and USD have a completed monthly THREE BLACK CROWS pattern. Donald is watching to see if the mkt is forming a W shaped bottom. This could set up a retest of the lows around Donald's 55 day cycle on Aug. 6 +or- 4 days. If the market makes a successful retest, Donald is watching for the new indicator to possibly set a lower high which may create a positive divergence and act as additional evidence supporting an entry point to open