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Today's price, issues, volume is making for some mightly interesting charts
tonight. The Super T oscillator on the attached chart is analogous to the
"rubber band" theory of market stretch and rebound. The oscillator is a
combination of issues, volume, new highs and new lows and is another item
passed on by Ben, alias Profittaker. Today it closed within 0.39 points of
the -100 CORRECTION level. Crash level has an eyeball definition of -150.
Note that the length of time the oscillator resides near either of these two
lines is measured in just a few days. Also of interest is the DJ close
within 16 points of the long term green Win Midas line and within 15 points
of the red WinMidas short term support line. The combination of the WM
support lines and the SuperT oscillator should offer a ray of hope for the
immediate future....longer term is another matter.
bobr
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