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

To: Jorj X Mckie who wrote (22180)	1/18/2003 9:17:04 PM
From: Challo Jeregy	Read Replies (2) \| Respond to of 57110

Chat Notes Sat 1/18/03 8:00 PM Daily Signals : SOX : Borderline CLASS 1 BUY w/ a perfect daily 3 Black Crows pattern. NAZ, NDX : CLASS 2 BUY w/ Marazubo's which may signal a bounce up. DOW, SPX, OEX, RUT : OVERSOLD VIX : UPPER MIDRANGE HUI : MIDRANGE The weekly chart for the NAZ, NDX show Bearish Engulfings. The NAZ, NDX will reach CLASS 1 BUY signals with any further move down in the mkt. The DOW, SPX, OEX, and RUT will need 1-2 more days down to reach the CLASS 1 BUY area. Donald is holding a 48% short position after selling all of his option positions and some of his short fund positions. He plans on adding shorts on any bounce up, but will not increase his position to greater than 70% short. ==================================== Donald is very bearish. On a scale of 1 to 10, he is 10. For the first time ever, he has a negated class 1 weekly buy on the US$. Thinks this down will be faster than before. Yes, he is getting s/t oversold readings but expects the next move up would be 40/50 nasd points at the most. Looking for lows around March/April. stockcharts.com