INFOCUS   10-18-2023     INDEX.htm 

-----  A DJI rally of 1.2% could be quite dangerous now.
         Late October S9s mostly are very bearish:
             10/22/1931  24.2% gain on S9 short sale
                   10/26/1973 20.1% gain on S9 short sale
                   10/10/1994   6.6% gain on S9 short sale
                   --------------------------------------------------------
                  10/19/2022  5.2% loss on S9 short sale
                  10/25/1996   0.4% gain on S9 short sale.

  ---- Bearish:
                  Sharply rising interest rates and oil prices, repeated inability of NASDAQ
                  and QQQ to get above the resistance of their falling 65-dma
  ---   Bullish:
                  Peerless Buy B2 on DJI
                  Rising Closing Powers shows Professionals have not turned bearish.

  ----  Watch GLD (Gold) and NYSE to see which way they move now.
             
                          Interpretation of Charts

---- When you look at a stock or ETF, focus on the trend of its Closing Power
         and Relative Stength.
---- If stock is below falling 65-dma and its IP21 is negative, don't buy, though
        shorts should be covered when Closing Power downtrend is broken.    Reshort
        these negative Power stocks, when the minor CP uptrend-line is broken.

WATCH

Most Important Charts