Monthly Archives: February 2006

tuesday update

SHORT TERM: neutral Is this such a fragile market for it to react as it did to the statements of one CFO from one high tech company: Google. It does this quite often with other tech companies too. I do not … Continue reading

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tuesday morning

SHORT TERM: bullish The overseas markets were mixed last night, but europe was lower (1/2%) and our futures started the morning on the downside, where they left off near the close yesterday. I expected some selling this morning. But this was a … Continue reading

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monday update

SHORT TERM: bullish A nice gap up day to confirm a third wave in the NAZ/NDX, which is what one should expect in a third wave. Since this is possibly a third of a third, there should be many gap … Continue reading

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monday morning

SHORT TERM: bullish Overseas markets performed well overnight setting up our futures market to open on a positive bias. We gapped up at the open, as third waves should, and then proceeded to rally right into 10 AM. At which … Continue reading

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weekend update

Review: Stocks ended the shortened week mixed as the NAZ/NDX/SPX made marginal gains and the DOW declined about 1/2%. But there was plenty of excitement as the cyclical DOW/TRAN posted new highs tuesday and wednesday, along with new all time … Continue reading

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friday morning

SHORT TERM: bullish An explosion at a Saudi Arabian oil refinery unsettled the markets this morning; as Crude, Gold and Bonds rallied, sending the stock index futures lower. The EW pivot support levels mentioned last night held perfectly during the wave of … Continue reading

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thursday update

SHORT TERM: bullish Didn’t we see this yesterday: rally to about 2 PM, then selling into the close making it look like it was a nothing day? If you missed it, the TRAN/NYA/R2K made new all time highs today, and the … Continue reading

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thursday morning

SHORT TERM: more bullish Overnight Asia rallied but Europe came in lower, so we opened lower selling off until about 10 AM. It seemed at that point everything was for sale except GOOGle: which was probably rallying as a result … Continue reading

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wednesday update

SHORT TERM: getting more bullish Capitulation wednesday in the NQ (NDX) pit? I think so! The NDX ranged nearly 2% today from the early morning lows to mid afternoon highs. It didn’t hold onto all of those gains, but did … Continue reading

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wednesday morning

SHORT TERM: moderately bullish Mixed overseas last night so the futures came in relatively flat. Which these days is good, because there was nothing to sell off. The markets chopped around for a few minutes after the open and then rallied … Continue reading

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