Monthly Archives: November 2005

tuesday update

SHORT TERM: positive For the very first time since this intermediate term trend began, the general market defied the weakness in the NDX and continued higher, pulling the NDX up with it. This is a very strong impulse wave. This … Continue reading

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tuesday morning

SHORT TERM: NEUTRAL After a pullback of sorts midday monday, the general market NAZ/SPX/DOW posted new highs, but again the NDX lagged. The futures are down a bit this morning, so maybe now we’ll see that short term pullback, wave 4, before … Continue reading

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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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