ETOs and warrants are ready and will be introduced this week.
US stocks will follow.
October 6, 2003
The intermediate trend is down. A rise above 9686 will signal reversal.
The primary trend is up. A fall below 9000 will signal reversal.
The intermediate trend is down. A rise above 1914 will signal reversal.
The primary trend is up. A fall below 1640 will signal reversal.
The intermediate trend is weak. A rise above 1040 will signal resumption of the up-trend.
The primary trend is up. A fall below 960 will signal reversal.
Short-term: Bullish if the S&P500 is above 1040. Bearish below 1029.
Intermediate: Bullish above 1040.
Long-term: Bullish above 960.
Most Fed-watchers say that it is too soon, and that the Fed will wait for further evidence of recovery before acting. (more)
The yield on 10-year treasury notes consolidated at 4.15%, after a sharp jump to 4.20%.
The intermediate down-trend appears weak.
The primary trend is up.
New York (17:32): Spot gold has leveled out at $372.50.
The intermediate trend has turned down.
The primary trend is up. A fall below 350 will signal reversal.
The target for the symmetrical triangle is calculated as 426 (365 + 382 - 321), but expect heavy resistance between 400 and 415 (the 10-year high).
The primary trend is up. A fall below 3000 will signal reversal.
MACD (26,12,9) is below its signal line; Slow Stochastic (20,3,3) is above; Twiggs Money Flow signals distribution.
Short-term: Bullish if the All Ords is above 3209. Bearish below 3200.
Intermediate: Bullish above 3250.
Long-term: Bullish above 3000.
Last covered July 14, 2003.
TIM enjoyed a strong rally, with 3 fairly weak corrections at [a], [b] and [c], before a top formed at [e].
Twiggs Money Flow has crossed back above its signal line.
The double top at [d] and [e] is an intermediate bear signal.
A fall below 1.18 will be a strong bear signal.
Mincor appears to be headed for a sharp blow-off reversal.
Twiggs Money Flow (100) is rising rapidly after an earlier fall.
- Counter-trends are shorter, with a one day reversal at , after 4-day counter-trends at ,  and ;
- The gap between the low of each reversal and the previous high is increasing - one of Bill McLaren's strongest signals;
- Volume and volatility are increasing on each breakout above the previous high.
But what is dangerous is not the belonging to a group, or groups,
but not understanding the social laws that govern groups and govern us.
When we're in a group, we tend to think as that group does:
we may even have joined the group to find 'like-minded' people.
But we also find our thinking changing because we belong to a group.
It is the hardest thing in the world to maintain an individual dissident opinion,
as a member of a group.
~ Doris Lessing: Prisons We Choose To Live Inside (1994).
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