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December 04, 2002
The primary trend is still down. It will reverse up if the average rises above 9130.
The Nasdaq Composite index gapped down further to close 1.3% down at 1430.
The primary trend is up (the index is above 1426).
The S&P 500 closed down 3 points at 917.
The primary trend will complete a double bottom reversal if it rises above 965.
The Chartcraft NYSE Bullish % Indicator signals a bull alert at 50% (December 03).
New York: Spot gold is up 150 cents to $US 321.90.
The primary trend will reverse (up) if the index rises above 3150.
The Slow Stochastic (20,3,3) has crossed below its signal line; MACD (26,12,9) is above; Twiggs money flow signals accumulation.
After a strong rally in the first half of 2001, ABC entered a period of consolidation, failing to hold a new high at [F], before establishing a base at 0.70 [W]. A cup and handle pattern is visible at [F] to [ch].
Relative strength (price ratio: xao) is rising, as is MACD. Twiggs money flow shows strong accumulation.
For further guidance see Understanding the Trading Diary.
but he who has mastered himself is mightier still.
- Lao Tse.