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December 03, 2002
The Nasdaq Composite index gapped down 2.4% to close at 1448.
The primary trend is up.
The S&P 500 closed down 14 points at 920.
The Chartcraft NYSE Bullish % Indicator signals a bull alert at 50% (December 02).
AOL Online expects declining advertising and sales revenues for 2003. (more)
New York: Spot gold is up 290 cents to $US 320.40.
The primary trend will reverse (up) if the index rises above 3150.
The Slow Stochastic (20,3,3) is above its signal line; MACD (26,12,9) is above; Twiggs money flow signals accumulation.
After a sharp fall in 2001, QBE has formed an ascending triangle with the upper border at 8.15. Relative strength (price ratio: xao) is rising, as are Twiggs money flow and MACD.
If there is a breakout, the target is 10.25 (8.15 + 8.15 - 6.05).
For further guidance see Understanding the Trading Diary.
not to trade often.
- Alexander Elder.