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February 3, 2004
The intermediate trend is up. The consolidation below resistance at 10600 signals uncertainty. A fall below Thursday's low of 10417 would signal reversal to a down-trend, with a likely test of support at 10000.
The primary trend is up. A fall below support at 9600 will signal reversal.
The intermediate trend is uncertain.
The primary trend is up. A fall below support at 1640 will signal reversal.
The intermediate trend is up. A fall below Thursday's low of 1122 would signal reversal to a down-trend.
Short-term: Bullish if the S&P500 is above 1155. Bearish below 1122.
Intermediate: Bullish above 1155.
Long-term: Bullish above 1000.
The Network equipment manufacturer reports earnings of 18 cents a share and sales up 14.5% over the same quarter last year. (more)
The retracement continues, with the yield on 10-year treasury notes down at 4.10%.
The intermediate trend is up.
The primary trend is up. A close below 3.93% would signal reversal.
New York (21.48): Spot gold tested resistance at 400 before sliding to $398.60.
The intermediate trend is down.
The primary trend is up.
A fall below 3271 would signal an intermediate down-trend, with a likely test of support at 3160.
Short-term: Bullish above 3350. Bearish below 3271 (Thursday's low).
The primary trend is up. A fall below 3160 (the October 1 low) would signal reversal.
Intermediate term: Bullish above 3350. Bearish below 3160.
Long-term: Bearish below 3160.
Last covered on September 4, 2003.
ENE has formed a broad Stage 1 base over the past year. It broke above resistance at 2.50 but has then consolidated in a narrow range between 2.80 and 2.25 for the last 6 months. What is intriguing is the continued rise of Twiggs Money Flow, signaling accumulation.
Creativity is mastery of simplicity.
~ Christopher Zeeman.
Dow Jones Industrial Average and S&P
500 have been added to the list of Indexes.
If you screen US stocks you can now restrict your search to components of either of these indexes.
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