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November 20, 2002
Understanding the Trading Diary provides further guidance.
The primary trend will reverse (up) if the index rises above 9130.
The Nasdaq Composite Index rallied 3.2% to close at 1419, again testing resistance.
The primary trend will reverse (up) if the index breaks above 1426.
The S&P 500 gained 18 points to close at 914.
The primary trend will complete a double bottom reversal if it rises above 965.
The Chartcraft NYSE Bullish % Indicator signals a bull alert at 42% (November 19).
HP announce fourth-quarter earnings of 24 cents per share, 2 cents above expectations. (more)
New York: Spot gold is down 110 cents at $US 317.30.
The primary trend will reverse if the index rises above 3150.
The Slow Stochastic (20,3,3) is above its signal line, MACD (26,12,9) is below, while Twiggs money flow signals distribution.
Last covered on October 23.
COA completed a head and shoulders pattern after a stage 2 up-trend, with the head at [h] and shoulders at [s1] and [s2]. Relative strength (price ratio: xao) is falling and MACD has completed a strong bear signal [-] after a bearish divergence.
and the upside will take care of itself.
- Donald Trump: The Art of the Deal