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 : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (13394)	11/18/2002 7:47:04 AM
From: Challo Jeregy	Read Replies (1) \| Respond to of 57110

Posted by Nikko_thyme on Sunday, November 17, 2002 - 9:23 pm: Chat Notes : 11/17/02 8:00 PM Daily Signals : DOW, SPX, OEX : OVERBOUGHT area, with Hanging Men NAZ, NDX : Borderline CLASS 2 SELL RUT : OVERBOUGHT, with an imperfect Shooting Star SOX : OVERBOUGHT, with an imperfect Shooting Star, and imperfect Dragonfly Doji HUI : UPPER MIDRANGE, if the USD continues down it may help the bullish case for gold. USD : Has a minor bearish flag, and its previous Evening Star is still intact. If the market continues to move up the NAZ, and NDX may reach the CLASS 1 SELL area by Mon, and the SPX, OEX by Tue. The Hanging Men, Shooting Stars, and the market internals are hints that a pull back may begin as soon as Mon. Don is using the SPX as a proxy, and thinks it may not set a higher high, while the NAZ and NDX may. Donald sold 1/2 of his short position earlier in the week when the market was down, and then averaged them back on as the market rallied back up. His current position is about 45% short, and if CLASS 1 SELL signals occur he will likely add shorts to it.