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Strategies & Market Trends : Ask DrBob

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To: Kracko who wrote (2828)8/31/2000 6:46:28 PM
From: Louis V. Lambrecht  Read Replies (1) of 100058
 
Yes! She blows.

Had visitors this evneing, and checked the charts late:

Naz : 1.9 bil volume, up , breath 25/16, 175 new highs.

We have to close up tmorrow as we are double topping (on the BDX, and tested double top on the SPX).

This would confirm a distribtion phase starting just now before your eyes.

How long will it last, and how high it will go is everyone's guess.
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