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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (41734)	12/2/2002 11:11:50 AM
From: Doug R	Read Replies (2) \| Respond to of 79164

I think that takes care of the sloppy part. Time to go shopping. Starting with AMCC entry. Doug R

To: Doug R who wrote (41734)	12/8/2002 10:28:50 PM
From: Doug R	Read Replies (1) \| Respond to of 79164

Last week started sloppy and didn't really get very stable. The technical situation has worked itself into a position that pretty much demands improvement relatively immediately. Deterioration from here would bring about another round of ugliness. The only long entry from my list that I attempted last week was AMCC. Slight loss as of Fri. Tomorrow will tell me whether to exit or hold. As the week wore into Thursday the situation defaulted my movements into initial long positions of gold mining stocks. On the uncertainty front; there's been no SEC head for a couple months the situation in the enforcement section of the SEC also appears to be somewhat muddled now there's no Treasury secretary and there's no White House economic advisor. You'd think somebody would at least have a replacement lined up before dumping these guys. Gold is approaching a breakout area while a particularly instructive chart is in the process of verifying a key breakdown: home.houston.rr.com The initial jump up in the stock market indexes at the open on Monday definitely made things dicey for new long entries. The list I posted last weekend (with the warning about things getting dicey) succumbed to that. I have a list for this week but the only 2 I'll post from it are XMSR and OMN. Well... ok... CVAS, FSII, INHL, MVIS, FRNT and XRAY aren't too shabby either but I'll be more focused on adding to gold positions unless the market can show me it's got real juice from here. The Dow is less than 100 points above the ACT and heading in its direction. Since the prevailing tendency has been to use the ACT as a regression line with the latest move being above the line...back below the line should be expected. If that happens and also leads to a breakout for gold...that's where I'll be. Doug R