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

To: Jorj X Mckie who wrote (25628)	2/6/2003 11:08:46 PM
From: MulhollandDrive	Read Replies (2) \| Respond to of 57110

i would be interested in your opinion of his portraits

To: Jorj X Mckie who wrote (25628)	2/6/2003 11:12:30 PM
From: Frederick Langford	Respond to of 57110

Market Swing Discussion: Dow Sew's Chat Room Notes and Recaps ------------------------------------------------------------ Posted by Nikko_thyme on Thursday, February 06, 2003 - 10:39 pm: Chat Notes : 2/6/03 9:30 pm Weekly Signals : SOX, DOW, RUT : Borderline CLASS 1 BUY. All other indices are CLASS 2 BUY. CAPITULATION INDICATOR : near OVERBOUGHT Daily Signals : DOW, NAZ, NDX, SOX : LOWER MIDRANGE/OVERSOLD SPX, OEX, RUT : OVERSOLD The mkt does not need to go down much to drive both the weekly and daily signals to the CLASS 1 BUY area. If the mkt is negative and closes at the low producing closing basis CLASS 1 BUY signals Don may go slightly long for a minimum expected bounce of 50-60 NDX points. Don closed the majority of his short positions today going from 46% down to 8% short. Because Don thinks the selling may resume and intensify after a bounce, he will likely start building a short position back up after the NDX rises 50-60 pts while monitoring the market environment on a day to day basis. The NDX has dropped about half of its expected minimum of 18-20% which is what the the Tsunami (Capitulation Top Signal) is calling for. The SOX has a series of small body Doji and Spinning Top candles which may signal a bounce. The lower shadow from last Fri may act as support. The DOW and SPX have formed Rectangle patterns.