Profunds index and sector trading

[was Steve]

Don Sew's latest.
steve

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Market Swing Discussion: Chat Room Notes and Recaps
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Posted by Nikko_thyme on Wednesday, April 16, 2003 - 3:00 pm:

Chat Notes Wed 4/16/03 2:30 PM

Daily Signals : (Intraday from today's high)

SPX, OEX, NAZ : Borderline CLASS 1 SELL

NDX, DOW : CLASS 2 SELL

SOX : OVERBOUGHT

HUI : OVERBOUGHT

The DOW is forming a possible Bearish Engulfing pattern.

The NAZ, NDX had a Shooting Star pattern developing.

Today the Tsunami had another intraday CLASS 1 BUY reading. Don thinks
it has already started.

The market internals, and lack of strength in the USD are not
supporting a continuation of a move up in the market.

Donald is currently 37% Short, and will add more short positions today
if the NDX does not close very negative.