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[RT] Re: Intra day hi in market, abondon ship



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Cheerup folks.  Ben won't let you down with his composite breadth
oscillator.  Note how close it is to the Correction level where decent
trading buys have been born.  Maybe another day and another 200 points would
do it with a little bit of vixing panic.

BobR

----- Original Message -----
From: <Proffittak@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, January 25, 2000 5:37 AM
Subject: [RT] Re: Intra day hi in market, abondon ship


> In a message dated 1/24/00 11:07:20 PM Eastern Standard Time, Vaugh002
writes:
>
> << Ben...another good call...throw the cheering crowd a crum and hint at
how
> you  did it  ..... take your pats on the back ....thanks  tom vaughan
>>
> The call was made for many factors
> first as you saw in  eodcv chart curtesy of  BOB R
> the divergence is long standing
> but there were many other hints
> too much call buying
> volume momentum  short and intermediate  gave a sell
> macd histogram  showed a bearish divergence
> new  hi   issues   were  very low   in quantity  compare to  the previous
hi
> in NASDAQ and Dow !!
> smooth  rsi  show  a  bearish divergence
> and  just 2  weeks ago we actually had more new low on the NASDAQ then new
hi
> !!
> this is not a healthy market
> and YES  we had  in the last few weeks a BIG  improvement in the  ad line
> when you look at the BIG picture  (weekly)
> and do   the  4 week stolcastics  on  weekly  ad line   or  macd on ad
line
> it is still TERRIBLE
> we may be short term oversold
> but
> unless the  vol. and  ad line improves Drastically
> (i do not see another new hi this month)
> and not  next month
> happy trading
> Ben
>
>
>

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