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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject9/28/2000 11:55:41 AM
From: Drbob512   of 100058
 
*****TA Update(intraday)*****

TRIN is now a positive .56, after the Nasdaq opened flat and traded lower in the first hour. The resistance for the Nasdaq appears to be at 3795 first, and then 3892. Support still remains at 3614 and then 3521.

The rally looks good for now,and the signals to watch for are the TRIN, TRIN stochastic and the a/d, which is positive now.

We may be nearing the timing bottom before the next bull market starts, but there remains some risk for another downturn before the bull.
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