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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: marketing1 who wrote (41207)	11/22/2002 3:21:53 PM
From: Frederick Langford	Read Replies (1) \| Respond to of 52237

Market Swing Discussion: Chat Room Notes and Recaps ------------------------------------------------------------ Posted by Nikko_thyme on Friday, November 22, 2002 - 12:35 pm: Don Sew's Chat Notes : 11/22 11:15 AM Weekly Signals : The NAZ and NDX signal was negated, but because Donald is using the SPX as a proxy, and it has not been negated, he is not overly concerned. Daily Signals: DOW SPX : CLASS 1 SELL NAZ, NDX, OEX : Borderline CLASS 1 SELL HUI : Borderline CLASS 2 BUY signal The USD is moving in a bear flag. The market internals have not been supportive of this move up. Donald mentioned the Head & Shoulders pattern on the SPX may have recently turned into a rectangle. The 34 day cycle on the 25th (give or take a few days) now seems as though it will be a high. He studied the open interest and has concluded that the QQQ max pain is around 26. Donald added to his short position this morning, and if the market closes up or flat he will add more shorts at the close today. He thinks the market may fall toward QQQ 25.5 then rally back up to test the highs, but instead of watching for a target he is going to watch market developments one day at a time. Fred