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You want a divergence indication? Look at the end of day net cumulative
volume of the NYSE versus the INDU. Generally the stock index follows the
net cumulative volume, but at year end we have the sell the loser mentality
that has created quite a divergence. Cumulative volume is quite a ways
below its 200 day MA and the RSIs are quite divergent. Any other time of
the year you might expect a crash, but this time of year it just looks like
housecleaning.
BR
----- Original Message -----
From: Brent <brente@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, December 21, 1999 8:58 AM
Subject: [RT] Re: Crash Index at minus 10 Reading
> Regarding this crash business, have any of you looked at a monthly chart
of
> ths S&P with a divergence indicator on it?
>
> Brent
>
>
>
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