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at the Chart
December 18, 2002
The primary trend is down and will only reverse up if the average rises above 9130.
The Nasdaq Composite gapped down at the opening, falling 2.2% to 1361.
The primary trend is up.
The S&P 500 lost 11 points to close at 891.
The primary trend is down.
The Chartcraft NYSE Bullish % Indicator appears stuck at 50% (December 16).
President Bush expresses concerns about omissions in the Iraqi arms declaration.
New York: Spot gold is up more than 700 cents at $US 344.10.
The Slow Stochastic (20,3,3) has crossed to above its signal line; MACD (26,12,9) is below. Twiggs money flow is just above zero.
Last covered on November 8.
Relative strength (price ratio: xao) and MACD are bearish. Twiggs Money Flow continues to signal distribution.
The next major support level is at 25.00.
For further guidance see Understanding the Trading Diary.
and it will spill.
Keep sharpening your knife
and it will blunt.
Chase after money and security
and your heart will never unclench.
Seek people's approval
and you will be their prisoner.
Do your work, then step back.
The only path to serenity.
- Lao Tse