|
PureBytes Links
Trading Reference Links
|
Since Dec 1999 this level of OEX has given rise to 20 point up moves.
BR
----- Original Message -----
From: <Proffittak@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, February 15, 2000 10:01 AM
Subject: [RT] Re: sp500 /nd
> In a message dated 2/15/00 12:14:51 PM Eastern Standard Time,
> eadamy@xxxxxxxxxx writes:
>
> << Early portion of declines are generally slower than the later. Still
> looks like more downside and my NASDAQ model will go on a sell today
> assuming poor breadth into close. Not necessarily a prolonged decline
> but probably minimum 3470 on ND. Looks to me like the ND needs to
> correct the entire rally from October in order to build a base strong
> enough to support any further advances - the most recent rally was the
> second attempt to rally from the early January lows and neither of the
> rallies managed to attain the minimum impulse projection.
>
> Earl >>
> good afternoon
> my most trusted indicator for the 5 days is @-172 and on 10 days@xxxx
> at this oversold levels the down risk is TOO limited,,
> (not that it could not happen)
> but statistically it does not have good odds,,
> also with other technical such as macd histogram in bullish divergence
> lead me to take qweek profits
>
>
>
Attachment Converted: "f:\eudora\attach\CONE6.gif"
|