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December 11, 2003
The intermediate trend has turned up. If the index is able to hold, with the pull-back respecting the new support level, this will be a strong bull signal.
The primary trend is up. A fall below support at 9000 will signal reversal.
The intermediate trend is uncertain. Expect support at 1880 and 1840, with resistance at 2000. A fall below 1880 would complete a double top reversal, with a target of 1760: 1880-(2000-1880).
The primary trend is up. A fall below support at 1640 will signal reversal.
The intermediate trend has turned up.
Short-term: Bullish if the S&P500 is above the high of 1070. Bearish below 1059 (Thursday's low).
Intermediate: Bullish above 1070.
Long-term: Bullish above 960.
The yield on 10-year treasury notes closed down at 4.23%.
The intermediate trend is down.
The primary trend is up.
New York (20.41): Spot gold eased to $405.20.
The intermediate trend is up.
The primary trend is up. Expect support at 400, resistance at 415.
The intermediate up-trend is weakening.
Short-term: Bullish above 3212, today's high. Bearish below 3173 (December 1st low).
Intermediate term: Bullish above 3212. Bearish below 3160.
Long-term: Bearish below 3160.
Last covered on November 24, 2003.
Wattyl has been in a stage 2 up-trend for over 2 years. Recently the stock completed a double top reversal after a fast intermediate up-trend.
Twiggs Money Flow (100) is declining after crossing below its signal line.
Price then retreated back above the support level and has since consolidated in a narrow range around 3.80; a bearish sign unless the latest pull-back breaks above 3.90. Volume dried up during the consolidation but has picked up today, so we cannot completely write off an upward breakout.
Last covered November 27, 2003.
Need I say more? The chart says it all.
COH has broken below support from a huge descending triangle, while Twiggs Money Flow has been falling for the last 6 months, signaling strong distribution.
be gentle with yourself.
~ Max Ehrmann: Desiderata (1927)
Where price history is adjusted for the effect of corporate actions.
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