Posted by 7 April 2004

Too V-ish for Me

I planned to write more about the broken downtrend channel over the weekend but I just couldn’t find the time. But everything I wanted to say still applies. We’re now in overbought territory after a very V-ish move, but now that the NASDAQ is out of that downtrend channel, I’m no longer looking to short [...]

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Posted by 2 April 2004

One Year of Blogging

I just wrote a post about my 1 year ‘blogiversary’ on my other weblog. Thanks to all of you who visit, and especially those of you who have linked to me and those of you who leave comments. Let’s see if I can keep this up for another year. P.S. I know the error messages [...]

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Posted by 2 April 2004

Boo-Yah!

We finally got a jobs number than was way above expectations (Nonfarm payrolls 308k vs 123k consensus). The futures are now flying as the indices have blown through the resistance I pointed out the other day. All I can say at this point is that if I wasn’t long already I wouldn’t chase this pop [...]

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Posted by 1 April 2004

Resistance is Futile?

I love how the market sets itself up for these ‘big bad events’. You can just see the anticipation, and now hesitation, over tomorrow’s jobs report. The NASDAQ has rallied from deeply oversold territory right smack into several levels/types of resistance. It’s now perched just below the top of its downtrend channel, just under 2000, [...]

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