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March 27, 2004
Twiggs Money Flow has fallen to a 6-month low; a bearish sign.
Failure to penetrate 2000 will be bearish, signaling continuation of the intermediate down-trend.
The primary trend is up. Initial support is at 1750 to 1780.
Twiggs Money Flow is bearish, having fallen to a 6-month low.
Twiggs Money Flow is falling sharply.
The yield on 10-year treasury notes rallied to 3.84%.
The intermediate trend is down.
The primary trend is down.
New York: Spot gold has rallied strongly to finish the week at $422.10.
The intermediate trend is up.
The primary trend is up. A fall below $370 would signal reversal.
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The primary trend is up. Resistance is at 3440 to 3450; support is at 3160.
Twiggs Money Flow signals accumulation (intermediate time frame).
On Sunday night, March 28, the ASX switches back to normal AEST (GMT +10), from daylight saving time (GMT + 11).
ASX opening and closing times will, therefore, be one hour later in Queensland, NT and WA.
Victoria, ACT, NSW, SA and Tasmania will also enjoy US markets closing one hour earlier.
For further details, see Coping with different Time Zones.
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The ADX line in Welles Wilder's Directional Movement system indicates the level of trend movement. Low readings will identify stocks in a ranging (or consolidation) pattern.
Open the Stock Screen module from the
- Select Directional Movement System
- Scroll down to ADX Value Filter
- Enter 15 (or 20) as the Maximum
The two stocks with the lowest ADX readings in the S&P 500 are:
- Advanced Micro devices [AMD] - 7.4
- Citigroup [C] - 9.5
Twiggs Money Flow has fallen to a 6-month low, signaling distribution.
For Australian stocks, the lowest readings are:
- Austereo [AEO] - 10.2
- Billabong [BBG] - 11.0
- Go to the Chart Forum.
- Login to your Profile in the Forum menu bar.
- Select Email Notications.
- Check the box in the New Posts column to select the desired Topic (see below).
- Click the Save Profile Changes button.
- Repeat steps 1. to 3. above
- Click the Choose button next to the Topic.
- Select the thread from the pop-up list (see below).
- Click the Save button; then Save Profile Changes.
for the simple reason that without such structuring of complex systems into sub-assemblies,
there could be no order and stability......
~ Arthur Koestler.
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