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Politics : High Tolerance Plasticity
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To: Gottfried who wrote (8784)9/27/2001 7:49:06 PM
From: chowder  Read Replies (2) of 23153
 
Ahhhh, ahem! Gottfried?

In the the game of football they have a 2 minute warning. A warning that lets you know that time is running out and you have to make the plays you need to make before the half ends or the game is over.

I think the NASDAQ has blown the 2 minute warning signal. I offer this with great trepidation you understand, but a man's gotta do what a man's gotta do.

Take a look at the Relative Strength Indicator. Notice how low the indicator is when the NASDAQ was at 1619.

Now take a look at today's indicator. The RSI is at a higher level although the NASDAQ is at a lower level.

What we have here my friend is a bullish divergence on the weekly chart.

The 2 minute warning of the NASDAQ?

stockcharts.com[h,a]waclyimy[pb10!b20!f][vc60][iut!Ub14]

I'm assuming it's the half time bell that's ringing and not the end of the game. We may a short term rise here. I still think the market heads down in the second half. I just think being nimble here is prudent.

Da-ringy-dingy-bum
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