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In a message dated 11/13/00 8:10:49 AM Eastern Standard Time,
eadamy@xxxxxxxxxx writes:
<< NASDAQ is in a bearish trend based on weekly. 1 of 3 weekly breadth
models have already confirmed last week's low. Daily models all show
bearish confirmations of Friday low (26Oct vs 10Nov). NYSE is in flat
trend based on weekly. 3/3 of weekly breadth models are showing bearish
divergence. Daily breadth models show modest bullish divergence in A/D
issues and High/Low and bearish confirmation in A/D volume. Both
exchanges are on a sell. VIX has not yet reached the 40 level which has
marked major bottoms for the last 3 years. Bullish impulse patterns in
NYSE, SP, and Russell indexes have been broken and NASDAQ has just
completed pattern of lower high and lower low.
>>
hello
i agree that we are on a sell for BOTH
hoever we WILL get a dead cat bounce from the sell off today into
Wednesday hi
or even Thursday hi
this will catch a lot of shorts unhappy
but Fri expiration should be a falling knife
be careful
Ben
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