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I noticed yesterday there were key reversals (upward that is) on INCREASING
volume, for both MSFT and INTC.
When these stocks behave this way it's a pretty good indication for the
overall market.
rgds phil
http://www.patterntrader.com
----- Original Message -----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxxxxxxxxxxxxx@realtraders.com>
Sent: Thursday, January 06, 2000 5:02 AM
Subject: [RT] Re: position trading for futures/sp500
> 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
> >
> >
> >
>
>
>
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