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And if they didn't raise rates? We would go down because we fear inflation
and the Fed did nothing to stop it. It' s time for a correction .. (past
time in my opinion), and we are having it. Crashes are hard to bring about
with the strongest economy the country has ever had and an improving global
economy. Stars, bars and bones aside, there is simply no fundamental
reason for a general market crash and historical charts simply can not take
into account a new situation where so much of the general public is
invested and to some degree, in control.
Bob
At 08:26 PM 2/21/00 -0800, ROBERT ROESKE wrote:
>Using the WinMidas technique the next support is 9761. The cyan support
>line currently at 10301 and the blue line at 10383 provided good support on
>the runup from last October. Those were both broken last Friday. On the
>other hand Ben's composite breadth oscillator dropped to the midpoint
>between what has been the "Correction" and "Crash" levels. The odds for a
>trading low in this time frame are quite high considering the put volume,
>considering channel lines, considering the composite breadth oscillator. As
>long as the interest rate scene is negative it is hard to imagine that the
>correction is over and the end of day cumulative volume will continue to
>fail to confirm any price rallies.
>
>BobR
>
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