Replies to post #2560 on Profunds index and sector trading (PRO)

[Justa Werkenstiff]

Hi Steve: I resigned from making calls for the top <g> although I think we are in a toppng process here.

[was Steve]

Don Sew's latest.

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Market Swing Discussion: Chat Room Notes and Recaps
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Posted by Nikko_thyme on Friday, May 09, 2003 - 11:07 am:


Chat Notes : Fri 5/9/03 10:15 AM

Weekly Signals : OVERBOUGHT Area

Daily Signals : MIDRANGE Area (at yesterdays close)

Donald is watching for signs from the DOT and the BTK index, which
contain small/mid cap stocks, to move lower and signal an end of the
rally. It is common for these stocks to move higher near a top.

The BTK has a 3 Black Crow Pattern.

The DOT has a possible Island Reversal Pattern developing.

Donald is holding a 91% short position. He thinks this (may) be the
high of the year for the mkt. His opinion regarding a potential
Tsunami development has not changed.