------------------------------------------------------------ Market Swing Discussion: Don Sew's Chat Room Notes and Recaps ------------------------------------------------------------
Posted by Nikko_thyme on Monday, March 31, 2003 - 10:55 am:
Chat Notes : Mon 3/31/03 10:00 AM
Daily Signals : (INTRADAY)
SOX, DOW : CLASS 1 BUY
NAZ, OEX : Borderline CLASS 1 BUY
SPX, NDX : CLASS 2 BUY/Borderline CLASS 1 BUY
VIX : MIDRANGE
USD : Borderline CLASS 1 BUY
TYX : CLASS 2 BUY
TNX : CLASS 1 BUY
If the market continues moving lower toward the close the indices may line up as CLASS 1 BUY signals today.
Donald may open a 5% long position, but will keep any long position small due to the pending Tsunami signal. Friday he hedged his short positions with an even amount of long positions due to his concerns pertaining to the possibility of a news driven market environment.
The lower trend line on the Bullish Flag/Wedge has been broken to the downside, and may be negated if the market stays below it.
Fred |