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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: maceng2 who wrote (84995)3/26/2001 2:48:05 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
my original comment about breadth/price non-confirmations was made back in January. at the time, many WS technical analysts argued that the bull was about to resume because of the improving a/d line. i pointed out that they misunderstood the message, and the market has proven them wrong in the meantime.

what i thought was bearish about Friday's action was the high volume/small price change combo right on the heels of a 'reversal day'. obviously the market has continued higher since, but my scenario is as of yet not invalidated imo.

and that's a neat chart.
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