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December 05, 2002
The primary trend is still down. It will reverse up if the average rises above 9130.
The Nasdaq Composite formed an outside day, closing 1.3% down at 1410.
The primary trend is up (the index is above 1426).
The S&P 500 closed down 11 points at 906.
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 04).
Intel lifts revenue estimates. (more)
New York: Spot gold is up 250 cents at $US 324.40.
The primary trend will reverse (up) if the index rises above 3150.
The Slow Stochastic (20,3,3) is below its signal line; MACD (26,12,9) is above; Twiggs money flow signals accumulation.
Last covered on November 07.
After building a broad base over the last 3 years, CAA has started to trend upwards in the last few months.
Relative strength (price ratio: xao), MACD and Twiggs money flow are rising strongly.
Price has now run too far above the stop levels so it is prudent to wait for a pull-back to the newly-established support level or some form of consolidation.
For further guidance see Understanding the Trading Diary.
The Master said: Should it not be reciprocity?
What you do not wish for yourself, do not do to others.
- The Analects of Confucius, 15.24