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Strategies & Market Trends : P&S and STO Death Blow's

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To: 16yearcycle who wrote (12955)10/31/2002 1:31:12 PM
From: mishedlo  Read Replies (1) of 30712
 
What have the bulls done with the S&P for a week?
Nothing.
Individual stocks have flopped around but not much really has happened.

TRIN has generally been above one and tick counts have hit the panic buy signal several times.

That smacks of distribution.

The Naz has been much more positive thanks to tons of garbage below $5 doubling, so TRINQ is much harder to read.

I see no advantage to the bulls here on the S&P but do not kown when sub $5 stocks stop running on the Naz.

M
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