Don Sew Chat Recap 5/2/03. By the way, Don didn't think we are in a New Bull, he just wants to respect the breakout and be conservative in his expected decline and changed from 18% to 12%.
Nikko_thyme
Intermediate Member
Username: Nikko_thyme
Post Number: 211
Registered: 3-2002
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Votes: 3 (Vote!)
Posted on Friday, May 02, 2003 - 10:49 pm:
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Chat Notes : Fri 5/2/03 9:30 PM
Weekly Signals :
SPX, OEX NDX : CLASS 2 SELL
NAZ : Borderline CLASS 1 SELL
RUT : CLASS CLASS 1 SELL
HUI : Nearing CLASS 2 SELL
GOLD : UPPER MIDRANGE
USD : Borderline CLASS 2 BUY w/ a 3 Black Crow pattern.
Daily Signals :
RUT : CLASS 1 SELL
SPX, NAZ : CLASS 2 SELL
All other indices are nearing CLASS 2 SELL
If the market continues higher CLASS 1 SELL signals on the daily and weekly basis may be reached in 1-2 days (may not require much of a move).
Instead of the original 18%, Donald thinks this Tsunami may have a decline similar to previous bull market Tsunamis which were about 12% (or lower) from the high which is set.
Donald is still holding his short positions.
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