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CHARTS OF INTEREST FOR THIS COMMENTARY | |||||||||||||
QQQ | ABX | UNH | |||||||||||
TUESDAY NIGHT 9/17/02: The Dow Jones ($INDU) finally got off the dime today (Tuesday) moving beyond the Attractor around which it has been hovering for days. It moved downward, creating a nice big outside day, that will probably (statistically) result in follow-through further down in the next few days. And, it did it on slightly higher than average volume, again speaking to probable follow-through tomorrow. We are still holding the QQQs short from a sell signal on the daily model, so stick with that until the market tells you otherwise. Several of our stocks' alerts from the weekend were triggered as buys, but intuitively I don't feel good about them. So, hold your stops tight at the suggested stops, or better, and be ready to capture any profit if you see it. |
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