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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (8313)	4/19/2003 4:37:54 PM
From: moorso	Read Replies (1) \| Respond to of 207052

Here's a view of the dow clx. Interesting that some of the larger peaks on the clx occur at option expirations days (the red squares on the dow curve). Also the JSI is indicated as the white line. No spikes evident right now, in fact we would need to have a pretty substantial downturn to have the spike..er spike. The 30day clx is running above its 6dma, what I found to be the best indicator of strength for a continuation of trend. The 30 day is also laying above the zero line and has more time to run before peaking. My best guess based on this is that we have a few more days to run in this cycle.... suite101.com A look at what I have for accumulated clx, pp and aydis. Since last July when the dow has been negotiating sideways movement, the accumulated clx and pp have continued a downward trend. Since da cheif has noted in the past the clx and peepee curves are predestined to spend about as much time above the zero line as below, this tells me that someone has been stockpiling ammunition during the sideways dow movement. When they'll use it, I dont know, but I bet most will be spent in the cheifs upcoming 3 wave. ps..some of this may have been covered already by some of Joannes stuff....but I hafta do it myself in some form or fashion.... :) suite101.com