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oh, let's not forget CRUDE , JUNE ocntract, is below 50$, down 70 cents to
49.7 around 9 am EST
--- Deosaran Bisnath <deobisnath@xxxxxxxxx> wrote:
>
> --- EAdamy <eadamy@xxxxxxxxxxxx> wrote:
>
> > NYSE AD Volume (5 minute) shows strong bullish divergence at the Emini low
> > and the NASDAQ shows modest bullish divergence. That last drop was
> violently
> > reversed.
> >
> > Earl
>
>
> Thanks Earl, Ben, Ira...
> . Later, as markets rallied, appears to me that the internals were not as
> good
> as one would want for such a strong reversal. IMO, today, we go up, how far?
> maybe 1178/79, from there all depends on conviction of buyers, whether market
> can overcome that stiff resistance zone to 1183....but, strong support around
> 1169/71 should hold up. I am bullish short term, on longer timeframes, I am
> indecisive.
> Ithought this summary below was quite indicative of the internals yesterday:
>
>
> "These numbers are all well and good, especially after the earlier troubles.
> Whenever the market is down big and it can recover into the close this shows
> you some sort of underlying bid, and you do not want to ignore this. The
> market
> internals though are not as "nice" as I would like to see them. We had NYSE
> volume decrease 4% to 1.84 billion shares while the NASDAQ volume fell by 7%,
> to 1.77 billion shares. I would like to see stronger volume on a reversal
> day.
>
> Next, on the NYSE there were 66 new 52 week highs vs 68 new 52 week lows.
> This
> is the first time in several days there have been more new lows on the NYSE.
> On
> the NASDAQ, where lows have continued to lead there were 45 new highs and 95
> new lows.
>
> Next I look at the Advancing Vs Declining issues on both exchanges, and this
> is
> where my real disapointment comes in. On the NYSE advancing issues led
> declining issues by a ratio of 18 to 14, while on the NASDAQ decliners lead
> narrowly by 16 to 15. Neither of these are stand out numbers, but I like to
> see
> strong leadership in advancing issues in a bullish market. I am going to
> continue to keep an eye on this, as well as the new highs, and if there is
> not
> some better action soon I am likely to turn much more cautious going forward.
> :
>
>
>
>
>
> > ----- Original Message -----
> > From: Bob R
> > To: swingmachine ; realtraders@xxxxxxxxxxxxxxx
> > Sent: Wednesday, May 11, 2005 10:09 AM
> > Subject: Re: [SM] Re: [RT] Re: [e-mini_traders_anon] Re: sp500
> >
> >
> > Following up from last weeks post on the swing high fingerprint. Using
> the
> > more volatile cash dow, attached is what the time segmented average of nyse
> > up volume says, currently bearish intraday.
> >
> > bobra
>
>
> http://www.JahajeeDesi.com
> Home of the Caribbean Indian Diaspora
>
>
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