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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (256079)8/15/2003 12:43:16 PM
From: KM  Read Replies (1) of 436258
 
Here's from my Erlanger intraday thing. I have a million of these pay services. LOL

Sentiment, especially with regard to NASDAQ issues, is again frothy. The VXN (see chart) has declined to a new low for its trading history. It is doing this at such a snail's pace that its inverted MACD has turned negative on a weekly basis. Most important is that this is occurring without a higher high in the NASDAQ indices. The combination of less fear and poor response to good news leaves us with knocking knees as we head into the meaty part of yearly seasonal weakness.
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