|
PureBytes Links
Trading Reference Links
|
I don't neccessarily disagree with you on market direction but this chart of
the NYSE vs it's A/D line shows that the NYSE A/D action is the strongest it
has been since it rollover in July 98 prior to the Fall 98 Crash. And the
NYSE is itself trying to breakout to a new high. But that's only the NYSE.
Kent
-----Original Message-----
From: James Taylor <jptaylor@xxxxxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Monday, June 12, 2000 8:34 PM
Subject: [RT] Re: S&P
Spring that may just spring south. Read Barron's, look at the absurd
valuations, monstrous run-up on the Nasdaq (in short order), the low volume
(most bulls are "all-in", and weak daytraders broke), continued horrible
advance/decline line, and violent volatility. Chasing stocks higher here,
is a recipe for losses, IMHO. Adding to short positions daily.
JT
----- Original Message -----
From: "Dennis Holverstott" <dennis@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, June 12, 2000 9:47 AM
Subject: [RT] S&P
> That June 2 gap finally got filled on the futures. Came within a point
> on the cash. If these levels hold, it could set the stage for a quick
> rally on economic numbers that are "not unfavorable" to use a Greenspeak
> double negative. :-) This market feels like a spring getting wound
> tighter and tighter. Feels like it wants to explode one way or the
> other.
>
> --
> Dennis
>
>
Attachment Converted: "f:\eudora\attach\Ad4.gif"
|