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Strategies & Market Trends : Ask DrBob

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To: the-phoenix who wrote (2146)8/29/2000 3:03:55 PM
From: Drbob512   of 100058
 
the-phoenix: Your point is well-taken, that Sept is seasonally weak, and that weak Sept's follow tops in July. My idea was that we didn't get much of a top in July, especially in Naz, which had just a technical rally and not a double top or new top.

But I am watching the Summation again thanks to your post and another's a couple of weeks ago, thanks. Negative divergences are starting to show up, and we are overbought on oscillators.

Let's see what kind of decline we are going to get in next week and if we can stop the correction above 3900, or if we have to break and go to 3700 after that....
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