Monthly Archives: November 2005

monday morning

SHORT TERM: NEUTRAL. The new high in the SPX we anticipated just occurred. The DOW is still about eight points shy, but with continued weakness in the NDX/NAZ I’d expect a short term pullback here, for a day or so. Then, … Continue reading

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weekend update

Shall we call this capitulation weekend? All four major indices closed above their July/Aug tops on friday, in fact, they gapped above them and stayed there. We now have the NDX/NAZ/SPX all in uncharted, bull market territory. The one laggard is … Continue reading

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thursday update

SHORT TERM: positive. This is certainly a Nasdaq bull market! Just as we have stated from the very beginning. And, the last few days action are certainly the epitome of this statement.   The NAZ puts in a high on fri/mon: then goes sideways … Continue reading

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tuesday update

SHORT TERM: NEUTRAL. I’ve turned into an excellent short term contrary indicator lately, amazing. Looks like we’re finally getting a short term correction. Let’s see if this market gets oversold on the 15minute charts, and then do some buying. Added two … Continue reading

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tuesday midday

SHORT TERM: positive. We’ve had a breakout in the DOW, exceeding 10,720 and new highs in the SOX index. It appears to me the market is preparing to extend this advance again before any meaningful correction occurs. LONG/INTERMEDIATE TERM: bullish.

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monday update

SHORT TERM: neutral to positive. The SOX index and the TRANsports look like they have more work to do on the upside. Our four horsemen: NAZ/NDX/SPX/DOW seem to be consolidating recent gains with their sideways activity for most of today. On … Continue reading

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monday midday

SHORT TERM: neutral Watching today’s action, we witnessed new short term highs in the NAZ/SPX/DOW, but the NDX has fallen short. Since I can now count 5 waves up from the Oct 28th lows, this is probably a good place … Continue reading

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