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Strategies & Market Trends : Automatic

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To: milesofstyles who wrote (161)3/28/2001 4:14:50 PM
From: ken-l  Read Replies (1) of 470
 
mile,

surprisingly .. there werent any short covering in the last hour !!!!

got to look a bit closer tonite, but think i need to readjust the trend lines of the flag formation !!! but, it's still trading close enuf to the short term 61.8% retrace @1865+/- <and the horizontal t/l @1850> !!!

the only things that look "not so bearish" are the intraday <15 mins> RSI and stoch ... they were trending slightly higher while the compx was testing and retesting today's low in the last hour !!!! lets see if the small positive divergences can extend its leg into the 60 mins chart, which may in turn push the compx higher to fill today's partial gap <intraday gap> !!!!

other than this .... i still cant find anything bullish in the chart, IMO !!!

regards,

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