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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 (19277)	12/10/2002 2:17:34 PM
From: Frederick Langford	Read Replies (1) \| Respond to of 30712

Market Swing Discussion: Don Sews Chat Room Notes and Recaps ------------------------------------------------------------ Posted by Nikko_thyme on Monday, December 09, 2002 - 9:47 pm: Chat Notes: 12/09/02 8:30 PM Weekly Signals : Are still working off of the previous SELL signals. Daily Signals : NAZ, NDX, SOX : CLASS 1 BUY DOW, RUT, SPX, OEX : Borderline CLASS 1 BUY, (were very close to CLASS 1 BUY) Capitulation Indicator : OVERBOUGHT There were also many Marazubo's which is a common reversal signal, especially when they line up with CLASS signals. The NDX has reached the Fibonacci 38% retrace area which was at 1021. Donald is not expecting a big move up, and will add to shorts when his signals reach the mid range. The first resistance levels Donald is watching is the gap on the NDX at 1088, then at the Island pattern mid point near 1122, then finally the Islands top at 1156. Gold has been moving higher, but now may have a pull back, after having reached a CLASS 1 SELL signal. Donald is longer term bullish on Gold. The USD could be in a major down trend. Donald closed more shorts today, leaving about 3% open. He is also holding a small, long option position (25% of a 10% position).

To: DebtBomb who wrote (19277)	12/10/2002 2:19:28 PM
From: Softechie	Read Replies (1) \| Respond to of 30712

Soft spot = quicksand spot...Fed is a bunch of BS...not feeding with more cuts...I ain't like it...

To: DebtBomb who wrote (19277)	12/10/2002 2:19:29 PM
From: t2	Read Replies (2) \| Respond to of 30712

Dale, so you see a rally? I was guessing decline into close but...now not so confident of this outcome after seeing the action this afternoon. I am basically short but ready to cover if we start getting upside momentum. A few days out, we get the Nasdaq100 rebalancing; that could be a catalyst for a drop, given the nature of changes expected; many small caps out but many larger names expected to get added. Meaning market weighting of big caps declines in the Nasdaq100. Just my hunch.