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November 11, 2002
The Nasdaq Composite Index was down 3% at 1319. The primary trend will reverse (up) if the index breaks above 1426.
The S&P 500 lost 18 points to close at 876. The primary trend will complete a double bottom reversal if it rises above 965.
The Chartcraft NYSE Bullish % Indicator signals a bull alert at 40% (November 08).
Former Compaq CEO Michael Capellas is to depart from Hewlett-Packard, and possibly join WorldCom. (more)
Warren Buffett's Berkshire Hathaway is reported to be considering a bid for GE's reinsurance unit.(more)
New York: Spot gold is up 10 cents at $US 321.10.
The Slow Stochastic (20,3,3) is below its signal line, MACD (26,12,9) is above, while Twiggs money flow signals distribution.
Last covered on September 30.
After two equal highs in May and August, QAN completed a double top reversal and entered a steep dive. In October the stock rose off its lows to form a bullish ascending triangle. Relative strength (price ratio: xao) is rising.
A break below the low of  at 3.81 would be a bearish signal.
He who thinks that he knows, doesn't
He who knows that he doesn't know, knows.
- Lao Tse.