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 : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (59332)	8/9/2002 1:13:58 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 94695

Note: intraday day class one sell signals .. not end of day. All of his stuff is daily charting things .. because of that, a close basis signal is much more important than a intraday signal. For this intraday signal to become a close basis signal, the market would have to close near the high of the day. In my in box: ------------------------------------------------------------ Market Swing Discussion: Chat Room Notes and Recaps ------------------------------------------------------------ Posted by Nikko_thyme on Friday, August 09, 2002 - 1:01 pm: Chat Notes: 8/9 11:00 AM Daily Signals: (INTRADAY) DOW, SPX, OEX: Borderline CLASS 1 SELL NAZ: OVERBOUGHT SOX: UPPER MIDRANGE/Near OVERBOUGHT Donald is not planning to add to his short position, unless his signals reach the CLASS 1 SELL area. He may hedge his short position on a sell off, depending on how much the market moves. He is taking it one day at a time. Donald noted the 3 WHITE SOLDIERS are up against numerous 3 BLACK CROWS. He is watching to see which pattern is fulfilled. He noted how SOLDIERS are more reliable in an up trend, and CROWS in a down trend. Depending on which pattern gets fulfilled, it could give a clue as to a trend change or a continuation of the current down trend. Donald mentioned two possible scenarios for the Capitulation indicator. The first is it could go down and the market could continue to rally from here. The second is the indicator could turn up and form a double top, while the market turns down and possibly forms a triangle, or rectangle chart pattern etc... and sells off into the Sept, Oct time frame. From there the potential for a rally with a Fibonacci calculation target is possible.