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Strategies & Market Trends : Ask DrBob
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To: Drbob512 who started this subject8/23/2000 2:57:39 PM
From: Drbob512  Read Replies (4) of 100058
 
*****TA Update(intraday)*****

Nasdaq TRIN is bullish at .53 as is the hourly stochastic, and a/d has improved to 9/10 and up/down vol 3/2, so we are possibly setting up another runup towards 3982, and possibly 4010 by close or early tomorrow. As long as the TRIN stays below .80, the Nasdaq won't decline sharply.

Last hour should be firm, and if Money Flow and Acc/Dist improve soon, this market could rally nicely over 4000, providing another whipsaw from yesterdays bearish reversal.

TRIN has told the story the past 9 sessions.
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