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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (16968)9/4/2002 12:22:21 AM
From: Challo Jeregy  Read Replies (1) | Respond to of 17639
 
Chat Notes 9/3/02 10:00 PM

Daily Signals:

SOX: CLASS 1 BUY

DOW, S&P, NAZ, NDX, RUT,: CLASS 2 BUY/ Nearing CLASS 1 BUY
OEX: Borderline CLASS 1

USD: CLASS 2

VIX: OVERBOUGHT

Donald closed his remaining short positions today, if there is further
downside tomorrow (may not need much) additional (INTRADAY) CLASS 1
BUY signals may occur. If that happens Donald may open a small long option
position. He is going to see how it goes during the day. Donald is not
expecting a large move to the upside.

The Capitulation indicator hit 6 at the end of July, and today is at 4.91.
Donald thinks this may form a double top.