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


To: Jorj X Mckie who wrote (39276)5/9/2003 11:53:01 AM
From: Frederick Langford  Read Replies (2) | Respond to of 57110
 
Market Swing Discussion: Don Sew's Chat Room Notes and Recaps
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Posted by Nikko_thyme on Friday, May 09, 2003 - 11:07 am:

Chat Notes : Fri 5/9/03 10:15 AM

Weekly Signals : OVERBOUGHT Area

Daily Signals : MIDRANGE Area (at yesterdays close)

Donald is watching for signs from the DOT and the BTK index, which
contain small/mid cap stocks, to move lower and signal an end of the
rally. It is common for these stocks to move higher near a top.

The BTK has a 3 Black Crow Pattern.

The DOT has a possible Island Reversal Pattern developing.

Donald is holding a 91% short position. He thinks this (may) be the
high of the year for the mkt. His opinion regarding a potential
Tsunami development has not changed.

Fred



To: Jorj X Mckie who wrote (39276)5/9/2003 2:37:53 PM
From: stevenallen  Read Replies (1) | Respond to of 57110
 
Jorj - To me, it looks like buying on SBGI is drying up - if I had to guess I'd say it will probably continue to slowly drift down for a while - I'm considered reentering to get a little payback