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S&P 500 st/it Outlook 6charts


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#1 mss

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Posted 09 April 2004 - 09:19 PM

Not much has changed from last post, just weaker and more choppy ( :o this is new?) shorts are favored, except for stocks, which depends on the stock :P . Have fun :unsure: mss
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Comments welcome, please :rolleyes: mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
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#2 hiker

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Posted 10 April 2004 - 06:59 AM

mss - thanks for the update. Your charts do a great job showing the recent weakness. I am not shorting the indices yet. Because of uncertainty how the market will behave this week and next week in response to potential positive earnings/guidance vs. the impact of heightened geopolitical concerns. Spent some time the last few weeks identifying my favorite trade setups in individual names and have been waiting for the very best low risk entries. I bet many $ on the ARTX move above 2.23 this week which I was long awaiting since my initial ARTX entry in March. I have another I am waiting on and will send you a PM when I enter. Am constantly expanding the candidate review for names with the best risk/reward setup...so will welcome any input you have anytime. Have appreciated your ideas in the past. Did you notice that briefing.com's Swing Trader section's chart analysis for GLG says it is poised to go higher (4/8 15:26 ET post)? I am taking note of CCJ's behavior in the periods it moves into the $50-60 zone of significant overhead supply. I wonder how long it may take to chew through that resistance. I remain flat CCJ for that reason, and putting $ to work elsewhere. Have had my uranium play $ in UEX.TO since January. I closed my UEX longs this week along with 70% of my other longs to lock in profits and stand aside until later in this earnings season. I do like CCJ long term for the nuclear power + uranimium play. (UEX is a uranium exploration company formed under agreement between Cameco Corporation and Pioneer Metals Corporation. UEX began trading on the Toronto Stock Exchange in July 2002 and is an active explorer in the Athabasca Basin. UEX has a total of 11 projects either 100% owned, joint ventured or under option totaling approximately 226,000 hectares (558,000 acres) located in the eastern, western and northern perimeters of the Athabasca Basin in Northern Saskatchewan).

#3 hiker

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Posted 10 April 2004 - 08:16 AM

will add that I plan to triple my current ARTX position size if it moves toward $4. I will also add on dips as long as 2.23 is not broken, even tho' some support levels exist above 2.23. I do not plan to trade in and out of ARTX on move to $4 or higher. Too much is lost being out of ARTX on news of contract wins. The climate for security stocks is highly favorable now and I will stay in ARTX and other security stocks until that fundamental changes. BTW, I am still flat TASR, RIMM, DNA and plan to stay so except for daytrades. Finding better risk/reward plays in other names.

#4 mss

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Posted 10 April 2004 - 09:53 AM

We may be chasing the same stocks :rolleyes: , am long CCJ, GFI, GLG, PAL, SIRI, EASY, & AUO outside my core holdings & accounts I advise on. As you know I'm a position trader, swing trader, and when bored will do some day trading. :lol: Take a look at AAUK, PAS, for runs and CHTT (SHORT@32+/-) & CCE (short on tech set up). Have some things in the wings, will let you know when ready. Have a good weekend -mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#5 hiker

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Posted 10 April 2004 - 10:34 AM

thanks, mss...will check those out. :D

#6 hiker

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Posted 10 April 2004 - 10:40 AM

mss - took my PAL & SWC profits last week. Been in those a long time with ever increasing position size. My uncertainty about the near term speculative move in plat/platinum prices led me to lock in profits and put $ to work elsewhere. Will go back in PAL & SWC later.

#7 dollarbear

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Posted 10 April 2004 - 01:17 PM

great charts... just curious if you can enlighten a bit on what goes into those indicators... especailly the last chart of the AV RAT? good stuff!

#8 mss

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Posted 10 April 2004 - 03:00 PM

Thanks Dollarbear, Failed to note the first SPX chart is a weekly, all others are daily. Any number before an indicator is the time period, EMA or SMA. Balance Of Power (BOP) = (close-open)/(high-low) the simple version. If you wont the long version, e.mail me - its long. It is also published S&C web site. The 55AV RAT = 55day SMA of AV/(AV+DV). AV is advanceing volume & DV is declining volume. The 55AS RAT = same as above but using advancing shares. The RAT is a self code to identify this indicator data for another program and has no meaning other than to identify it to another program. The VBV indicator is a special "blend" of Volume, BOP, & VXO. 13ema day period. Hope this helps, :) mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#9 dollarbear

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Posted 11 April 2004 - 12:16 PM

thanks MSS... I'll keep an eye out for your charts of these composites.... interesting stuff