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Technology Stocks : Full Disclosure Trading
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To: Jan Crawley who wrote (6276)7/9/2003 11:09:45 AM
From: Return to Sender  Read Replies (2) of 13403
 
OT: Jan, I think there may be short term market sell signal in the works. I've made some charts of the 5 day TRIN average and the closing put to call ratio that suggest that this rally may put in a top no later than Friday or Monday.

investorshub.com

I know it looks like the top is in today already but we were down yesterday morning before the afternoon rally closed us higher. The market could rally back again today.

There is no sell signal yet. There may not be any but I think it is coming. Of course this all depends on the closing numbers for the put to call ratio, the 5 day TRIN average and even the VIX as well but the early going this morning with the put to call ratio at 0.50 and below suggests that we have too much short term optimism.

RtS
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