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In a message dated 1/21/99 10:53:34 AM Eastern Standard Time,
bbancroft@xxxxxxxxx writes:
<< These observations are decidedly negative, but both the S&P and Dow are
setting up a weekly inside bar. I would not want to guess which way the
market was going to come out, but 9367 on the Dow should be a good pivot
to trade off of.
Thoughts? Comments??
Bill Bancroft
>>
good morning
short term we are due for a bounce.
(maybee to the 2 houre m/a on the 15 min bar chart)
but who will stay long overnight??
the ad line did not confirm the new hi in the dow or sp
the obv did not confirm the new hi
new hi new low indicator did not confirm
but. is this the begginning of the big move down??
currently sp down 3 (but closed 5 under fair value !!)
i guess down first houre then cat bounce and then lower lows
THIS IS NOT A TRADING RECOMENDATION
just my 2 cents
Ben
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