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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: dwayanu who wrote (10170)10/28/2000 5:26:09 PM
From: Jim Willie CB  Read Replies (3) of 65232
 
I hear you, DwayMan... gloomy outlook makes too much sense

here are some technical NazComp signals to ponder
- bigass bigass reversal on thursday, showing a Japanese Hammer bullish signal
(almost 200 pts)

- relative strength has steadily trended higher over the last 3 weeks

- evident uptrend with successive higher lows

sure, the rallies are stemmed each time
second one made it to my stated 3450-3550 target
(which was marked by 30day MovAvg)

I maintain the NazComp low has been "put in"
a NazComp low of 3070-3120 has been touched three times, each with electric responses upward

the problem is lack of Money Flow
hovering at low levels, not enough to move us up and out

agreed on two Horizon Events: Cisco and Elections
next week will be tentative, either way
/JW
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