Incredible Charts version 184.108.40.2060
October 2, 2004
The Dow Industrial Average rallied strongly after a false break below 10000. Thursday's weak close accompanied by strong volume signals that buyers presently dominate the market. A break above 10350 would be a bull signal, while a pull-back that respects support at this level would add further confirmation. A break below 10000 would likely test support at 9800.
Twiggs Money Flow is distinctly bearish, falling sharply since the beginning of the year.
The primary trend remains downward
In the long-term, consolidation around 1100 continues. Falling troughs signal weakness but there is no clear breakout as yet. An intermediate trough above 1100 would be a bullish sign, while a peak below 1100 would be bearish.
The NYSE Bullish Percent Index is at 65.77%, continuing the bear correction.
The yield on 10-year treasury notes was boosted by rising oil prices, rallying to 4.20% after a false break below support at 4.00%.
The yield differential (10-year T-notes minus 13-week T-bills) increased to 2.5%.
Differentials below 1.0% are long-term bear signals.
New York: Spot gold has broken free of the consolidation above support at $400, closing the week at $419.10.
A pull-back that respects support at $410 would be a further bull signal.
The next major resistance level is the 10-year high of $427.25.
The All Ordinaries quickly recovered after a short correction last week. Increased volume on the rally, and a weak close and lower volume on Friday, indicate that buyers dominate the market.
The All Ords is in a strong primary up-trend. Bear in mind, however, that any good trend has corrections. Allow for a test of support at 3550 in the medium-term and 3450 in the longer-term.
In addition to the new securities toolbar, Incredible Charts version 220.127.116.110 offers an improved securities search function. You no longer have to upload exchanges in order to search them: the search works off the server.
- Select the Search button
on the toolbar
(or select Securities >> Search on the menu)
- Enter whole or part of a security's name in the dialog box
- Click Find Next
- Select a security by double-clicking on the name.
View last Search
Return to Last Search.
Refine your Searches
Add a space after the name/code and then enter an exchange code.
This will limit a search to that exchange.
Example: A search for bhp ao will list all BHP options and warrants.
Exchange codes are:
(only available in version 18.104.22.1680 - to be released next week as a test version)
Set a Default Exchange and you will not need to enter the EXCHANGECODE for that exchange.
Example: If Australia is set as the Default Exchange, you need only type ncp instead of ncp ax to load News Corporation.
To set a Default Exchange:
- Select an exchange (e.g. AUSTRALIA)
- Or select Securities >> Set Default Exchange from the chart menu.
Sort the Search Return
Click on a column heading to sort the Search Return:
- Click on the Security header to sort in alphabetical order.
- Click on the blank header square, above the bullets, to sort in order of the security code.
Search for Code Only
To exclude names and search for security codes only:
click the drop-down arrow next to the
on the toolbar;
- select Search for Security Code Only.
it's how much you can keep that counts!
(with thanks to Holycow on the Chart Forum)
Source unknown -- If any reader can recall this, please email me.