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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (58886)11/7/2002 6:40:27 PM
From: Shack  Read Replies (1) of 209892
 
Back from Vancouver Island...and speaking of which, that's no island reversal Freep (great segway eh?). But it is the first real selling we've had in some time.

Getting caught up here and several things strike me:

1) C has shown excellent follow through and volume patterns since the wedge breakdown. It really should not stop for more than a pause until it sees the low 33's.

2) The NDX and COMPX have come back to test the Sept 2000 dt line over which it gapped on Monday. Needs to hold or we are going lower in a hurry with the failed breakout.

3) The TNX looks like its headed back to sub 3.6% yield here.

4) VIX look like it barely budged today.

5) There has been a massive ramp in Rydex technology bull funds. You'd have to go back to May to see higher assets in OTC and back to March to see higher assets in Velocity.

6) We are still above max-pain.

Curius to see if we saw any inflows into mufus this week. We're about 30 mins from the AMG data.
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