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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (47983)7/3/2000 4:17:56 PM
From: Lee Lichterman III  Read Replies (1) of 94695
 
As a friend, I am asking you to give me the keys, put down the glue, pick up the phone and call the Betty Ford Clinic. All these oscillatins are finally getting to you <ggg>

Actually you may be correct as I am showing a LOT of DOW stocks over sold but the mystery is the slow down seen in many of the economic reports before the interest rate hikes have had a chance to hit the over all economy. If the DOW doies bounce and make a run for the boarder, it will have to be broader than just IBM, MSFT and GE. We need to see the DD, MCD, CAT etc all play too.

Today's improvement in the TRIN and TICK were good signs and same with the bounces in financials and the IPs, CAT, DD etc but volume was super super light which makes the day's movements suspect until we see it continue in a normal volume day without being sold into. JMHO

Good Luck,

Lee
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