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To: uu who wrote (1406)8/22/2002 5:20:18 AM
From: Sharck  Read Replies (1) | Respond to of 1854
 
Historically September has never been a stellar month for techs and stocks in general. It will also put us into earnings "warnings" and Q4 guidance period. It is my belief, that this has the set up for yet another potential fall across the indecies. I am not looking for the lows we have already put in, but to be honest, we are daytraders and will find a way to profit from most any situations. Been a heck of a summer so far, (remember last summmer) with historical high vix numbers, what more could we ask for.
TS,
Sharckus



To: uu who wrote (1406)8/22/2002 10:49:41 AM
From: Chip McVickar  Read Replies (1) | Respond to of 1854
 
Addi,..... Why?!

The weekly Nasdaq chart has a Lindhal Buy Wiggle in place off the low of 7/24.... It'sa perfect beauty. A weekly Andrew's pitchfork has a median line at 1750-1800.

The daily forward pitchfork is active and in a parabolic rise with 1500 and 1620 as a target. The 0.618 fib off March high sits at 1658.27... this also closes a gap at 1544.19

The DOW weekly chart comes with a 3 bar Buy Wiggle variation off 7/24 low.... it's pitchfork is looking at 9750 with a fib 0.618 at 9473.45 off 3/18

The SPX weekly chart comes with a 3 bar Buy Wiggle variation off 7/24 low and has a forward median line at 1000±, witha fib 0.618 at 1023.68

Bunch of other internal work ups that are bullish...
Astro's strong....
Forward time projections are coming due...

>>What is the compelling catalyst that will push DOW and Nasdaq so much in such a short time?

I have no idea, maybe Paul O'Neil said something...! <smile>