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Here's a flatline. The DOW has been cycling about its 200 day EMA tighter
and tighter while the cumulative volume(nyse) has been struggling to move
higher, made a lower high recently. Even the New High - New Low is maxing
out.
BobR
----- Original Message -----
From: Phil Lane <patterntrader@xxxxxxxxxx>
To: BobR <bobrabcd@xxxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, June 16, 2000 6:54 AM
Subject: Re: [RT] Re: S&P Bullish view
> I wouldn't be suprised to see it flatline for a while longer - would be
good
> to tone down all the bullish sentiment. Things always seem to take longer
> than I think they will!!
> rgds phil
>
> ----- Original Message -----
> From: BobR <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, June 16, 2000 6:45 AM
> Subject: [RT] Re: S&P Bullish view
>
>
> > Well, there is three times as much money traded in oex calls as puts,
> which
> > is a bit of a concern, especially when the $C/$P makes a lower high
> > diverging from the OEX as it is now compared to point L on the chart.
We
> > should see some retrenchment rather shortly, within days.
> >
> >
>
>
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