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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (21045)	1/12/2003 9:18:36 PM
From: Libbyt	Read Replies (1) \| Respond to of 57110

....we are only an hour late at this point You aren't late if you're on "Libby Standard Time"!

To: Jorj X Mckie who wrote (21045)	1/12/2003 9:52:00 PM
From: farkarooski	Read Replies (1) \| Respond to of 57110

dude, where is my invitation !!!

To: Jorj X Mckie who wrote (21045)	1/12/2003 10:26:37 PM
From: Frederick Langford	Read Replies (1) \| Respond to of 57110

------------------------------------------------------------ Market Swing Discussion: Don Sew's Chat Room Notes and Recaps ------------------------------------------------------------ Posted by Nikko_thyme on Sunday, January 12, 2003 - 8:58 pm: Chat Notes : 1/12/03 8:00 Weekly Signals : All indices are in the UPPER MIDRANGE/OVERBOUGHT area. Daily Signals : SPX, OEX, RUT : UPPER MIDRANGE, near OVERBOUGHT. All other indices are in the OVERBOUGHT Area. HUI : LOWER MIDRANGE, Gold may move up some more before a larger pull back. USD : OVERSOLD, with a possible Bullish Wedge forming. Capitulation Indicator : CLASS 2 BUY area (may pop up) If the market continues up, Don may get CLASS 1 SELL signals in 1-2 days. The DOW, SPX, OEX closed with perfect Doji's which may signal a turn. Rectangle patterns may also have formed, which commonly have a pop to the upside before selling off. The weekly VIX has formed a Shooting Star, and if it gaps up may form an Abandoned Baby or a Morning Star pattern. The daily VIX has a series of 6 small bodied candles which could lead to a strong move up. The NAZ, and NDX have formed a bearish rising wedge on the 60 min chart which has 4 touches on the top and 3 on the bottom. The apex may arrive in the Tue-Wed time frame. It is common for these to break to the downside, but a 20-30 NDX pt break to the upside would be bullish. Don is looking for a 9 month cycle low in late March early April which may retest the Oct lows by + or - 7%. A 34 day Fibonacci pivot point is due to hit this Wed + or - 2 days. Don is currently holding a near 50% short position which is a mix of options and short fund positions.