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February 9, 2004
The intermediate trend is uncertain. A fall below 10417 (Jan. 29 low) would signal the start of a down-trend.
The primary trend is up. A fall below support at 9600 would signal reversal.
The intermediate trend is down.
The primary trend is up. A fall below support at 1640 will signal reversal.
The intermediate trend is uncertain. Resistance is at 1155 and 1175. A fall below 1122 (Jan 29 low) would signal the start of a down-trend.
Short-term: Bullish if the S&P500 is above the high of 1155. Bearish below 1122.
Intermediate: Bullish above 1155.
Long-term: Bullish above 1000.
The yield on 10-year treasury notes continued to fall, closing at 4.065%.
The intermediate trend has reversed down.
The primary trend is up. A close below 3.93% will signal reversal.
New York (23.33): Spot gold is up at $407.51.
The intermediate trend is down. Support is at 400.
The primary trend is up.
The intermediate trend is uncertain. A follow-through above 3300 will be a positive sign. A fall below the low of 3266 would signal the start of a down-trend.
Short-term: Bullish above 3350. Bearish below 3266.
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.
The stock underwent a cathartic sell-off at , which may well establish the bottom of the stage 4 down-trend.
VCR experienced the opposite to COH: a blow-off spike at [a]. Rather than consolidate at the peak (as COH did at the low), blow-offs tend to reverse sharply back to previous support levels. The down-trend in this case has slowed after breaking below the long-term trendline; opposite to what I had expected. A creeping down-trend such as this can either rally or fall sharply; so it would not be a good idea to get in too early.
RMD has been in a broad base since 2002. The first breakout failed, after a bearish divergence on Twiggs Money Flow. The indicator (TMF) has since turned up sharply to signal strong accumulation. Price also responded with a rise above the 6.00 resistance level.
Price formed a breakaway gap above the 6.00 level. Volume is drying up on the pull-back. A rise above 6.20, without filling the recent gap, would be a further bullish sign.
but when there is nothing left to take away.
~ Antoine de Saint-Exupery.
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