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

To: Jorj X Mckie who wrote (28959)	2/25/2003 11:56:39 AM
From: Frederick Langford	Read Replies (2) \| Respond to of 57110

------------------------------------------------------------ Market Swing Discussion: Don Sew's Chat Room Notes and Recaps ------------------------------------------------------------ Posted by Nikko_thyme on Tuesday, February 25, 2003 - 11:51 am: Chat Notes : 2/25/03 11:00 AM Weekly Signals : MIDRANGE Daily Signals: (From today's intraday low) DOW, SPX, OEX : OVERSOLD (would take 1-2 days of continued selling to reach CLASS 1 BUY signals) NAZ, NDX : LOWER MIDRANGE/OVERSOLD (would take 2-3 days of continued selling to reach CLASS 1 BUY signals) Daily Signals: (From yesterday's close) VIX : MIDRANGE VXN : CLASS 2 BUY (may have been skewed from option related activities) If the market does not rally today and fill the gap, an Island Reversal pattern will remain on the NAZ, NDX. Donald is currently holding a 53% short position. Donald is watching to see if the SPX can make a lower low, if it does not he may become defensive regarding his short position because that could be a bullish sign. He is also considering the potential for an end of month rally to occur. End of month rallies typically start during the last 2 days of the month and can last 3-5 days into the beginning of the next month. If CLASS 1 BUY signals occur Donald is not planning on opening any long positions. He may sell some of his short positions, but continue to hold a core short position. Fred