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Strategies & Market Trends : TC2000 Users Technical Analysis Forum

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To: Webb B Blackman Jr who wrote (719)4/23/1998 7:13:00 PM
From: Little Joe   of 3291
 
To all on this thread:

Does anyone follow Standard and Poors Depository Receipts which is an AMEX proxy for the SP_500. Look at the money stream and balance of power. The money stream is and has been negatively divirging. Ditto BOP - Also BOP showed a red bar today. I have found that a red bar near highs is ominous. Also, I use cycle analysis. That work shows a major top due April-May. With all the euphoria in the market and now the red bar near a top, negative money stream divergence. And there is more ---look at TSV all of my TSV indicators are showing a powerful negative divergence. To make matters worse, relative strength, Stochastics and Momentum are negatively divirging. I think it is major correction time. I would be interested in your comments.

Live long and prosper,

Little joe
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