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Rhonda helped me pick up an error in my post. Advancing issues of
NYSE exceeded Declining issues by a narrow margin.
John
------------------ Reply Separator --------------------
Originally From: John Cappello <jvc689@xxxxxxx>
Subject: [RT] Catch 22 Market
Date: 08/01/2002 00:48am
There have been some pretty educated guesse about tomorrow. My
observations are that we are just 50/50 either way.
1. Declining issues on the NYSE exceeded Advancing issues for the day.
2. Momentum was negative vs the prior day per Wallstreet site.
3. On a yearly daily chart of the S&P the spike is now above the
moving volume line almost as much as it was below just prior.
4. J&J helped the Dow and the S&P immensely at the close.
5. What has been presented here by others regarding an upswing is
very believable.
And that is what makes a horse race.
John
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