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This is fine and it COULD happen, but like my AOL analysis of 2 weeks ago,
LET'S NOT COMPLETELY FORGET THE FUNDAMENTALS.....
just announced:
Highest non-farm productivity growth in a decade or so.
Companies are desperately attempting to improve their bottom-line.
> -----Original Message-----
> From: BobR [mailto:bobrabcd@xxxxxxxxxxxxx]
> Sent: Monday, May 06, 2002 8:27 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] MKT - INDU
>
>
> Getting back to breadth basics. I don't know quite how to say
> this or with
> what emphasis, but there is a pattern in development that has resulted in
> drops of 1000 to 2000 points in the Dow Jones Industrial Averages. The
> pattern is a downtrending INDU along with a horizontal channel of the
> Cumulative Super T oscillator. Eventually a point is reached
> when the floor
> drops out and the INDU accelerates downwards in hundreds of
> points a day for
> several days. Monday saw the INDU begin that step as it closed below the
> WinMidas Support line that has caught each major low since September 2001.
> The CumST hasn't broken below its horizontal channel yet which means if it
> does and goes to completion we are no where near the bottom yet.
> The SuperT
> Oscillator, one of Ben's composite breadth oscillators is within a day of
> hitting the Correction level where sharp knee jerks occur, but it could
> easily move on down closer to the Crash level in the next few
> days if buyers
> have sold in May and gone away.
>
> bobr
>
>
>
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