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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (96716)5/8/2000 11:42:00 PM
From: Roger Schelling   of 120523
 
Jeanna:
. But depending on how you look at the chart, it is still trading above its DOWNTRENDLINE, the ADX is soaring which is unusual on a downtrend, and the two parallel lines forming that last trendline channel was just broken to the downside so its still pretty hazy picture

Thanks for Nasdaq chart. This is the way I have been looking at it. And it does have some positive signs, by coming back to the trendline(May 3rd) and bouncing off.
Hazy it is. So in a haze we will trade, the winners.

The comment about the ADX soaring is interesting because the TRIN has been nicely .65 to .5 the last two days(Friday/Monday)while the TICK and $COMP look weaker.
Oh well, let the games begin(or continue). Thanks again for all your help.

Roger

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