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-----Original Message-----
From: swp <swp@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, April 26, 1999 6:06 PM
Subject: Re: Evidence of Short Term Top
>I and everybody else is looking for a top. Momentum indicators often
>show divergences in strong up trends. I'd be real careful with that. OBV
>is not particularly useful anywhere.
>
>I had thought 21-April or 23-April, but patterns say otherwise. Possible
>timing count to 6-May pr so, but if SPX (cash S&P 500 index, not the
>futures) gets to 1400, then there will be more to come.
>
>I do see a correction for Tuesday/Wednesday, but only a few percent.
>After May 6th, could be much worse. Will have to see.
>
>Steve Poser
>--
>Steven W. Poser, President
>Poser Global Market Strategies Inc.
>http://www.poserglobal.com
>
>Ross Kovacs wrote:
>>
>> Anyone else see these?
>>
>> 1. NYSE Member Short Ratio highest it's been in 3 months
>> 2. CBOE Total Puts/Total Calls ratio lowest in 4 months
>> 3. Multiple divergences -- New index highs with lower highs in OBV, RSI,
>> Price ROC
>>
>> Ross Kovacs
>>
>> rossrk@xxxxxxxxxxxxxx
>
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