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Strategies & Market Trends : Group Theories -- Ignore unavailable to you. Want to Upgrade?

To: macavity who wrote (795)	11/7/2003 7:07:31 AM
From: macavity	Respond to of 1017

ST Outlook: US Equity Indices. ST Outlook: BULL from MIXED/BEAR BULLISH while above ST_PVTLOWS "BULLETPROOF !!" MO PVT PVTHIGH PVTLOW $SPX #N/A BULL 1058.94 1046.93 $OEX BULL BULL 524.27 518.14 $COMP BULL BULL 1977.91 1953.34 $NDX BULL BULL 1443.06 1421.56 $INDU #N/A BULL 9870.6 9773.12 Although the ST2_PVTCHART(78min)Charts pointed down, their stochastics never offered a SELL signal. Boy! The amount of times that has happened to keep me out of trouble. IT_Charts point up and are o/bt! ST1_Charts point up and are o/bt! ST2_Charts point up and are o/bt! From the 3-Nov top at 1061.44, ST1_Charts turned from BULL to BEAR and are now #NA. (Using intra-day data) ST2_Charts turned from BULL to BEAR to BULL and are now o/sold. I am still awaiting a failure in ST2_Charts at or below 1061 level to put out a small short for a short term trade. As the market is o/bt ('Hourly and Daily) I will not buy except for the shortest of holding periods. This thing can go to 1070-1090 but everyday needs to be taken as it comes. The ranges of the swing highs and lows are narrowing, momentum is decreasing. None -macavity