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Strategies & Market Trends : Groundhog Day
QQQ 625.05+0.1%4:00 PM EST

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To: quote 007 who wrote (2819)5/1/2002 8:22:48 PM
From: Jorj X Mckie  Read Replies (1) of 6346
 
you ever see one of those expanding triangle thingies?
Check out the BKX.
stockcharts.com

BUt, I think that the weakness in the BPs is going to come from the small caps. Check the RUT and IJS for bearish RSI divergences.

stockcharts.com[h,a]daclyyay[pb50!b200][vc60][iub14!la12,26,9][J4210538,Y]&listNum=1

stockcharts.com[h,a]daclyyay[pb50!b200][vc60][iub14!la12,26,9][j4210481,y]&listNum=1
Text from chart:
Bearish divergences on the RSI for the Small Cap 600. We made new significant new highs on the IJS while having a flat slope on the RSI peaks. And we also had higher lows with a declining RSI slope.


I will be looking for stocks in the RUT that have run up....those are going to be my new focus shorts.
russell.com
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