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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (14490)11/10/2002 12:19:16 PM
From: Frederick Langford  Respond to of 30712
 
Market Swing Discussion: Don Sew's Chat Room Notes and Recaps
------------------------------------------------------------
Posted by Nikko_thyme on Saturday, November 09, 2002 - 9:45 pm:

Chat Notes : 11/09 9:00 PM

Weekly Signals :

All signals are in the CLASS 1 SELL area, and have a buy in window
extending until next Wed.

Daily Signals :

All signals are in the LOWER MIDRANGE.

Donald is still holding his short positions, and is suspecting a
higher low may be set. He calculated an NDX fib retrace at 965, which
coincides with the QQQ max pain of 24 or NDX 960. The forthcoming
rally may not set a higher high.

The market may follow a Three Day pattern where it will be Down, Flat,
and Down on Monday.

Wed was a 21 day pivot point and may have marked a turn.

Donald noticed an Imperfect Evening Star formation on the NAZ, NDX.

The USD has formed a Three Black Crow's pattern. On the weekly it has
formed a Three Inside Down Pattern. Donald has pointed out that it may
be significant if the USD breaks the 103.50 level.

Fred



To: DebtBomb who wrote (14490)11/10/2002 12:25:49 PM
From: _scar_face_  Respond to of 30712
 
Well that marks a good trader I guess...but it just seemed odd that he was calling for a 1222 IT pullback _before_ any potential rate cut, let alone the market implosion call with a .50 bp cut.

Maybe price dictated his revision. Kind of like a version of a stop-loss on a market call or something. <g>