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Strategies & Market Trends : News Links and Chart Links
SPXL 224.62+0.2%4:00 PM EST
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To: Shack who wrote (5944)2/19/2003 9:23:51 PM
From: Les H  Read Replies (2) of 29595
 
The 10-day simple moving average of the SPX was dropping about 1/2 percent per day which is extreme. So, the sharp snapback has already caught up with the 10- and 20- for most big cap stocks. If the Dow drops below 7900, I'd likely have momentum or price phase turn down again.
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