|
PureBytes Links
Trading Reference Links
|
I watch oscillators based on both daily and weekly NASDAQ and NYSE
breadth: a/d, a/d volume, hi/lo. The NYSE breadth has been improving for
past couple of weeks. This decline has not been accompanied by the
massive deterioration I would expect to see in a major sell-off. Always
subject to revision as the market dictates, but at this point the bull
does not appear to be dead. I note further that the Ru2000 small cap
index has formed a very nice C&H bottom which could support a nice
advance assuming the 470 area (March) manages to hold which would be a
38% retracement of the rally from the October low.
Earl
----- Original Message -----
From: <Proffittak@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, January 06, 2000 5:04 AM
Subject: [RT] position trading for futures/sp500
> As promised i will start this Monday
>
>
> p. s crb is in a neutral territory and waiting for next leg
>
> (got stopped out of my long yesterday)
>
> The sp500 is still in bear mode !!
>
> unless we have 440 million shares of up volume> down volume!
> the only puzzle is the BIG decrease in new lows
> (maybe because tax selling is over)
> i will only change my mind if we have a new hi, or volume specified
above
> reversed
>
> happy trading
> Ben
>
>
>
|