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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (42606)6/20/2002 11:42:41 AM
From: John Madarasz   of 209892
 
broader market is still selling off on a bullish % basis, NDX had a nice little 6-9 point blip up before Sept lows too...just like now...i want to see the compq in the low 30's-20ish range at least...closed yesterday at 41.

i am now leaning toward a cycle inversion here, and a little corrective high into the 25th, which i intend to sell pretty hard if that's the way it turns...looking at some nyse issues, i am hard pressed not to start legging in today, but i'll continue to wait a bit longer. i think i have time<g>

Bradley has a turn on the 25th too as a high, i'm thinking things get ugly after the FOMC for a week or so, and we get our turnaround sentiment signals there...some pretty compelling counts i've been watching are pointing to this

out-a-here.....later
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