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 : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (950)	2/6/2003 11:40:49 PM
From: Jeffrey S. Lillie	Read Replies (1) \| Respond to of 11447

i see Don Sew is seeing some of the same stuff i am. j 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.