CMVM isenta de OPA entrada da Visabeira na Martifer

[Pata-Hari]

Sim e não também. Porque ontem o valor não era assim tão extremo, era alto, mas não extremo.

De qq forma, podemos ter à porta uma subida, sim. Combinação de vários factores, linhas de suporte ascendente de indices (ndx), trins, rumores, o diabo a sete....

[Eagle Eye]

Sim e nao... isto pq de qq forma da-nos um sinal de que esta a atingir valores extremos. Normalmente estes indicadores nao fecham com saltos de um extremo para o outro em dias consecutivos. Alias, como tinhamos comentado ontem a MM10 do TRIN esta muito alta. Isto quer dizer que estamos a falar de um extremo no TRIN diario a somar a um valor bastante alto na MM...
1+1=?
Baci, Eagle

PS: Waiting for a call in about one hour...

[Pata-Hari]

Dois comentários, o trin a esses valores foi anteontem. Ontem fechou a valores muito inferiores. Pela fórmula de cálculo, cada dia é um novo dia independente do anterior, logo um valor em si é relativamente pouco significativo. Ou seja, a análise baseada nisso está um pouco falseada....

[Eagle Eye]

R.B.I. Trader's Update

03 / 04 / 2003

.................................................



Dateline: 11:45 pm eastern time, 03/04/2003

The blue chips got hammered again on Tuesday, while the
Nasdaq tried to hold together. Aside from that, the market
acted a lot like Monday, basically grinding its way lower.
Also like Monday (on the SP at least) the highs were in the
opening minutes and the lows were in the final minutes.

At the close the Dow was down another 133 points while the
SP500 lost almost 13 points. The Nasdaq composite ended down
12.52 points and the Nasdaq 100 finished the day down 8
points.

This market certainly has a head of steam on the downside.
It sure seems like more, but since the early high on Monday
the Dow has dropped 277 points, the SP futures dropped 31.30
points and the Nasdaq futures have fallen 42 points. So far
this week it's has extremely easy to just wait for a feeble
bounce and then short it. However, unless this market is
going to go into a panic selloff (a distinct possibility,
but they really are pretty rare), we see reason to be on
alert for a reversal. Getting three trend down days in a row
has been a rarity.

The market has gotten into short term oversold territory.
The very high closing Trin on Tuesday has us on the lookout
for a reversal higher. The Trin closed at 3.70, one of the
most oversold readings since the bear market began. That is
something of a "let me out" type of level. We're not about
to hang our hat on just this one indicator, but it has our
attention.

Similar readings (working backwards) were on December 27th
at 3.49. The SP500 closed 4 points higher the following day,
flat the next, then jumped almost 30 points the 3rd day
after. On September 3rd the Trin closed at 3.42, and SP500
closed up 15 points the next day. On April 11th it closed at
3.25, we got a modest rally following day, a dinky pullback
the next, then a moon shot higher on the 3rd day. On January
29th it closed at 3.06, and the SP500 was up 30 points 2
days later. On April 3rd of 2001 the Trin closed at 3.10.
The SP500 was 1 point lower the next day, then exploded
north 48 points on April 5th, 2001. Last in this history
tour was on March 12th, 2001, when the Trin closed at 3.42.
The SP was up 17 points the following day.

That said, in order to get excited at all about the long
side, we *must* see a reversal first. If there's early
weakness (perhaps a gap lower), but the market can't rally
back up through the Tuesday lows, then there is no reversal
in sight. However, if the market does open lower and the
breadth is on the plus side (a reading of >500 net advancers
would be a good start), then there is *potential* for
another one of those huge reversal days.

Look for initial resistance at 824.50-826.50 on the SP
futures and 988-990 on the Nasdaq futures. If the market can
hold over these then we may have a turnaround in full force.
Over these there is resistance at the 831.00-832.00 and 995-
997 zones, and these are the first key areas are on any sort
of countertrend rally. If the bulls can get a run over
these, and it sticks, then we'll be looking for 836.00-
837.00 and 1002-1003. Finally, the last key areas are at
840.50-842.50 and 1008-1012.

Initial support is at the 818.00-817.00 SP futures and 979-
976 Nasdaq futures areas. Also watch the SOX 282-280 area.
If there is early weakness and the market turns up from
here, be on alert for a reversal back up through both 821.20
and 982. If this occurs, and it holds over those levels,
then we would expect a decent rally. However, if both 817.00
and 976 are broken without hint of reversing, then look for
the flood gates to open. Below there, support is at 812.50-
811.00 and 971-969... if these break, then the market is in
trouble. The 806.00-805.30 low area for the month/ year on
the SP would be next, and that lines up with the 957-952
zone on the Nasdaq futures. Nothing good happens for the
bulls if these levels break. Further down, there is support
at 800.45 on the SP500 cash and 798.90 on the SP futures,
and 945.50 is the first limit on the Nasdaq futures. If
broken, 794.00 and 938 are all we have right left for now.

Finally, if the market continues to get hammered in "silent
crashette" mode, then the ultimate lows might not come until
reaching the 7275 level on the Dow, the 768.04 level on the
SP500 cash, and the (gasp!) 844.57 level on the Nasdaq 100
cash.



----- editor's note Wednesday, 03/05/2003 5:08 PM eastern -----

Today was a "backing and filling kind of day, but we still
had some good intraday volatility... and our support and
resistance numbers came into play several times. For
instance, the very early low was in resistance on the
Nasdaq, and then the early high at 826.50 on the SP futures
was in resistance.

Wednesday was a consolidation day... but we have some more
excitement ahead. Upgrade now and get your updates in Real
Time instead of reading them after the fact.

You can upgrade to Real Time in just a few minutes on our
secure web site...do it now:

http://www.lowrisk.com/rbi-secure.htm

Or call us at 888-854-6516 (or if you are outside the
U.S. and Canada, our regular line is 970-884-1168).

---------------------------------------------------------------




March 2003 SP futures resistance

824.50-826.50
831.00-832.00
836.00-837.00
840.50-842.50



March 2003 SP futures support

818.00-817.00
812.50-811.00
806.00-805.30
800.45 (SP500 cash)
798.90
794.00



March 2003 Nasdaq futures resistance

988-990
995-997
1002-1003
1008-1012



March 2003 Nasdaq futures support

979-976
971-969
957-952
945.50
938




---------------------------

The RBI Users Manual is available at:
http://www.lowrisk.com/rbi-manual.htm

---------------------------



Good Trading,
Jeff Walker



Copyright (c) 2003 by Jeff Walker, Bayfield, CO The R.B.I.
Trader's Updates may not be redistributed without permission.






.................................................

R.B.I. Trader's Update

03 / 05 / 2003

Intraday Update

.................................................



Dateline: 10:33 am eastern time, sp3h= 824, nd3h= 988

The very early lows were in support on the Nasdaq (and a
point above support on the SP).

We came in on alert for a possible rally if the market could
turn higher. With the bounce off support, this looks
possible... but the bounce hasn't been all that convincing
so far.

The SP needs to get above 826.50 and hold for us to start
feeling OK about the long side, otherwise the market is
vulnerable... especially on a break below 822 and 984.




Good Trading,
Jeff Walker



Copyright (c) 2003 by Jeff Walker, Bayfield, CO The R.B.I.
Trader's Updates may not be redistributed without permission.







.................................................

R.B.I. Trader's Update

03 / 05 / 2003

Intraday Update

.................................................



Dateline: 1:07 pm eastern time, sp3h= 828.50, nd3h= 994

After our first update the SP sold off right to support,
while the nasdaq held its early low which was right in good
support. The rally must now carry over resistance at the
831.00-832.00 and 995-997 zones, and hold. As we stated last
night, these are the first key areas are on any sort of
countertrend rally.

If the bulls can get a run over these, and it sticks, then
we'll be looking for 836.00- 837.00 and 1002-1003.
Otherwise, yet another failed rally attempt is in the cards.
The 825.50-824.50 and 989-987 areas will need to hold on a
pullback




Good Trading,
Jeff Walker