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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (170)1/4/2000 11:43:00 AM
From: Jibacoa  Read Replies (2) of 1404
 
The "MARKET" in general doesn't look good. It seems that it is a good time to take some profits and increase cash position as much as possible. As long as the number of stocks declining remain well above the number of those advancing there doesn't seem the "MARKET" can make any headway in near future. If the DOW breaks the 11000 level this week we could see a sharp downturn coming on Monday.

All of the above is of course IMHO. Perhaps I am seeing too much volatility for my taste.

Some of the stock bucking the down-trend today:
NETM up 43.59% on volume of 2,995.400
WGNR up 16.22% Volume only 54,100
GMGC up 25.56% on volume of 4,462,800
WDC up 19.05% on volume of 3,344,100
KLOC up 12.54% on volume of 428,400
ADSP up 37.29% on volume of 36.44%

Good luck to all.

Bernard
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