Tuesday, November 23, 2004 9:34:29 PM
LOOKING BACK
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(Explanations are at #msg-3562924)
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(Explanations are at #msg-3562924)
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NEW HIGHS NYSE NASD (from NASD site)
11/16/04 77 64
11/17/04 163 88
11/18/04 90 68
11/19/04 65 43
11/22/04 160 88
11/23/04 193 108
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NEW LOWS NYSE NASD (from NASD site)
11/16/04 12 7
11/17/04 11 7
11/18/04 9 8
11/19/04 11 9
11/22/04 12 12
11/23/04 12 13
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VOLUME FACTOR
11/16/04 .66
11/17/04 .79
11/18/04 .69
11/19/04 .71
11/22/04 .66
11/23/04 .70
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PUT/CALL RATIO
11/16/04 .590
11/17/04 .436
11/18/04 .505
11/19/04 .490
11/22/04 .518
11/23/04 .598
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OPTIMISM
11/16/04 2.02 ALERT!
11/17/04 2.02 ALERT!
11/18/04 1.67
11/19/04 .76
11/22/04 .39
11/23/04 .41
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COMPOSITE DAILY
11/16/04 13788
11/17/04 26775
11/18/04 20349
11/19/04 8830
11/22/04 13898
11/23/04 16732
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DIA INDEX POWER
11/16/04 105.13 2.33%
11/17/04 105.90 2.83%
11/18/04 106.00 2.80%
11/19/04 104.57 1.67%
11/22/04 104.80 1.83%
11/23/04 104.99 1.97%
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QQQ INDEX POWER
11/16/04 38.59 3.69%
11/17/04 39.11 4.51%
11/18/04 39.29 4.62%
11/19/04 38.68 3.20%
11/22/04 39.05 3.77%
11/23/04 38.99 3.50%
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TRIN Bretz TRIN-5
11/16/04 1.68 5.57
11/17/04 .75 5.24
11/18/04 .94 5.27
11/19/04 .67 5.12
11/22/04 .99 5.03
11/23/04 1.22 4.57
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TRINQ Bretz TRINQ-5
11/16/04 .78 4.72
11/17/04 .57 3.20
11/18/04 .67 3.22
11/19/04 1.26 3.74
11/22/04 .85 4.13
11/23/04 .92 4.27
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VXN INDEX WEIGHTED
11/16/04 18.60 18.71
11/17/04 18.50 18.60
11/18/04 18.79 18.64
11/19/04 19.72 19.00
11/22/04 18.77 18.98
11/23/04 18.43 18.83
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VXO INDEX WEIGHTED
11/16/04 14.00 13.95
11/17/04 13.64 13.88
11/18/04 13.95 13.92
11/19/04 14.60 14.13
11/22/04 13.58 13.96
11/23/04 13.08 13.67
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NASDAQ INDEX POWER
11/16/04 2078.72 3.79%
11/17/04 2099.68 4.38%
11/18/04 2104.28 4.35%
11/19/04 2070.63 2.94%
11/22/04 2085.19 3.36%
11/23/04 2084.28 3.20%
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DJ-30 INDEX POWER
11/16/04 10478.65 2.30%
11/17/04 10549.57 2.70%
11/18/04 10572.55 2.78%
11/19/04 10456.91 1.84%
11/22/04 10489.42 2.05%
11/23/04 10492.60 2.05%
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DJ Bonds INDEX POWER
11/16/04 183.69 .07%
11/17/04 184.48 .40%
11/18/04 184.74 .47%
11/19/04 183.91 .09%
11/22/04 184.43 .32%
11/23/04 184.27 .25%
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US Dollar INDEX POWER
11/16/04 83.85 -1.98%
11/17/04 83.34 -2.37%
11/18/04 83.79 -1.80%
11/19/04 83.24 -2.22%
11/22/04 83.10 -2.25%
11/23/04 82.93 -2.26%
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HUI INDEX POWER
11/16/04 240.88 3.13%
11/17/04 245.13 4.23%
11/18/04 239.37 2.10%
11/19/04 241.32 2.57%
11/22/04 242.02 2.70%
11/23/04 237.00 .95%
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NYSE INDEX POWER
11/16/04 6959.30 2.61%
11/17/04 7013.46 3.13%
11/18/04 7002.91 2.89%
11/19/04 6947.19 2.15%
11/22/04 6979.79 2.45%
11/23/04 6985.30 2.42%
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S&P 500 INDEX POWER
11/16/04 1175.43 2.50%
11/17/04 1181.94 2.86%
11/18/04 1183.55 2.87%
11/19/04 1170.34 1.90%
11/22/04 1177.24 2.29%
11/23/04 1176.94 2.21%
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McClellan INDEX
11/16/04 2309.85
11/17/04 2393.27
11/18/04 2448.42
11/19/04 2424.04
11/22/04 2441.62
11/23/04 2470.79
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XGLD INDEX POWER
11/16/04 439.70 2.65%
11/17/04 445.20 3.41%
11/18/04 443.70 2.93%
11/19/04 446.50 2.80%
11/22/04 448.60 3.39%
11/23/04 447.70 3.04%
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XOI INDEX POWER
11/16/04 698.63 -.40%
11/17/04 709.72 .89%
11/18/04 712.99 1.10%
11/19/04 719.14 1.58%
11/22/04 730.49 2.60%
11/23/04 733.94 2.75%
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SUMMARY OF IMPRESSIONS FROM "LOOKING BACK" (above)
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11/23 McClellan, after a very brief hesitation resumed
its uptrend. The dollar index keeps trudging southward.
XGLD gave up a trifle and XOI was up again.
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11/22 It was a better day than I anticipated but our
Optimism Index oozed a little lower on the bullish
scale and I think we're still consolidating. The
dollar index dribbled lower, XGLD liked that and
XOI was positively ecstatic, closing at a new high.
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11/19 Our Confidence Index is retreating and our COMPOSITE
took a hard hit but they don't seem particularly severe
since the consolidation was expected and options
expiration after a strong run made this a tough day.
Today's hit was severe enough that even Ol' McClellan
stumbled. The dollar index gave back yesterday's gain.
XGLD closed at a multi-year high. XOI didn't make it
to a new high ... but it tried.
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11/18 The dollar index recovered yesterday's loss.
XGLD tapered off a trifle and XOI moved up near
the top of its trading range since late October.
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11/17 The TRIN/TRINQ Bretz numbers and VXN/VXO are
getting mighty low. The bond index popped right
back up where it was a couple of weeks ago. McClellan
is stair-stepping up and is nearing the early-year high.
The dollar index fell a half-a-buck. XGLD gapped up
and ran and XOI had an 11-dollar run up.
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11/16 Ooooo, that's nice. We have a nice orderly retreat
on slightly lower volume. Our Confidence Index is headed
down and is still blaring an ALERT. That doesn't mean
panic. It's just trying to say we've had a very nice
run and should expect some consolidation. The dollar
index didn't do much but XGLD was up over two and a half
dollars. XOI fell a little to below 700.
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