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Third chart takes the view of Trend Exhaustion when price and the TEI
diverge. Sometimes breadth divergence works well and other times it can
continue on for months and years before price falls in line. Lately we have
had a price divergence on the TEI so I would be somewhat cautious about the
rally continuing short term. This is complicated somewhat with the belief
that expiration weeks have a tendancy to have an upward bias for the week.
BobR
----- Original Message -----
From: <Jpilleafe@xxxxxxx>
To: <bobrabcd@xxxxxxxxxxxxx>
Sent: Tuesday, July 18, 2000 5:51 AM
Subject: Re: [RT] Re: NYSE Breadth model - longer term view
> In a message dated 7/18/00 5:49:44 AM Pacific Daylight Time,
> bobrabcd@xxxxxxxxxxxxx writes:
>
> << the five day statistical volatility is at low enough level that
> we could easily see a rather large move soon.
> >>
>
> Morning Bob,...Any personal bias insofar as to what the direction of such
a
> move might be,...UP or DOWN?....Thanks,...good day. JIM Pilliod
>
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