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Pastimes : ASK Vendit Off Topic Questions
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To: Vendit™ who wrote (18260)1/16/2001 4:03:25 AM
From: Walkingshadow  Read Replies (1) of 19374
 
Reid,

Yet another $.02 to throw in the kitty:

QQQ formed a Doji on decreasing volume on Friday with William's very overbought.

askresearch.com

And the Arms Index ($TRIN) is in short-term top territory, with a crossover sell signal formed on Friday. The $COMPX Arms Index is a little less clear, but is at least consistent with this as well, and signaling a likely short term downtrend.

So I'd agree: short-term down trend ahead this week, with a probable reversal perhaps on Friday. They'll blame it on the CPI, whatever it comes in at <gggg>

T
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