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

To: dennis michael patterson who wrote (41334)	12/2/2002 2:10:15 PM
From: SpecialK	Read Replies (1) \| Respond to of 52237

Dennis, Where are the notes? On marketswing website, the last I see from Don is Posted on Friday, November 22, 2002 - 12:35 pm: -------------------------------------------------------------------------------- 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. Ketan

To: dennis michael patterson who wrote (41334)	12/2/2002 2:12:07 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Just got this email from Marketswing: Market Swing Discussion: Chat Room Notes and Recaps ------------------------------------------------------------ Posted by Nikko_thyme on Monday, December 02, 2002 - 2:08 pm: Chat Notes From Norm: No new Signals per his system to report. The Weekly Sell Signals that he thought were negated were not, and he is starting to get Weekly Sell Signals again. He suspects that we are at/near a top, and that the top may have already been put in. He noted that junk is running, and that this has often signaled the end extended rallies. NAZ/NDX have a Dark Cloud Cover candle pattern, but he noted that candles have not been a reliable indicator during this rally. He calculates that Max Pain for QQQ is at 26 and is expecting a pull back to at least there and then a re-test of the high +/- 7%. He said that the Dollar looked like it was going to break down and he had it on a sell.. HUI is in mid-range. I mentioned that earlier last nite the BOJ talked about devaluation of the YEN, and that could affect the near-term price action on the Dollar. That’s about all I recall. Like I said, he really did not have much to talk about and not many people there.