|
PureBytes Links
Trading Reference Links
|
Set-up pending for tradable rally in S&P - key is 1427 area. Yesterday
was inside day and NYSE breadth models have been getting stronger past
two days.
Earl
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxxxxxxxxxxxxx@realtraders.com>
Sent: Thursday, January 06, 2000 6:02 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
Attachment Converted: "f:\eudora\attach\SP60.gif"
|