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Dimitris Tsokakis
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<DIV><FONT face=Arial size=2>As we see from <U>MARKET DIRECTION </U>indicator,
^NDX bears <BR>(red line) were increasing steadily from Aug 28 (point A)
until<BR>Sept 10(point W), replacing day by day congestive
phase(yellow<BR>line). Bulls were flat on the ground in one way or
another.<BR>Day W events accelerated the bearish speed and reached faster<BR>to
point B (Sept 21) where the bearish percentage reached 92.1%,<BR>highest since
Jan 2000. The small breath of Sept 24 and 25 was <BR><STRONG>NOT </STRONG>a
bullish signal (bulls are still flat).<BR>The turning point C in <U>TRENDING OR
TRADING </U>curve indicates that<BR>bears did not say their last
word.<BR>Formulas in AFL Library codes<BR><A
href="http://www.amibroker.com/library/detail.php?id=80";>http://www.amibroker.com/library/detail.php?id=80</A><BR><A
href="http://www.amibroker.com/library/detail.php?id=71";>http://www.amibroker.com/library/detail.php?id=71</A></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Dimitris Tsokakis</FONT></DIV></BODY></HTML>
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