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Strategies & Market Trends : The Market Beacons

SPY 671.91

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Nov 14 4:00 PM EST

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To: cgw1948 who wrote (498)	3/18/2001 11:54:19 PM
From: Magnatizer	Read Replies (1) of 1298

cgw1948 I do not have enough backtest scan data to determine the significance of no sell candidates out of the scan. But... if no stocks out of the 340 or so which the scan filters through are extended to the upside then a large portion of the short term sell pressure seems to have been released. Based on the recent action in the nasdaq I get the uneasy feeling that the bulls will indeed rally into Wednesday's cross. The worst (as in most bearish) of all possible scenarios at this juncture, IMO. ht mag

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