Market Swing Discussion: Don Sew's Chat Room Notes and Recaps
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Posted by Nikko_thyme on Tuesday, May 27, 2003 - 2:38 pm:
Chat Notes Tue 5/27/03 1:30 PM
Monthly Signals :
USD : CLASS 1 BUY (From last month, with this month being the buy in
window)
SPX : OVERBOUGHT
Weekly Signals :
BTK : CLASS 1 SELL
USD : CLASS 1 BUY (From last week)
Daily Signals : All Indices are near the Borderline CLASS 2 SELL area.
The RUT has a 3 White Soldiers pattern and BTK an imperfect 3 White
Soldiers.
Donald is suspecting that the mkt is retesting the recent highs. He
thinks it is possible for the NDX to go as high as 1200, but its not
an expectation. He is watching for the smaller indices to finish their
run up, as they seem to leading now. The indices which have formed
bearish Flags/Wedges have not broken out of them.
The Tsunami is still pending, and has not been negated.
Donald his still holding his short positions.
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