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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 677.56-2.0%4:00 PM EST

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To: Johnny Canuck who wrote (41127)4/27/2004 1:11:30 AM
From: Johnny Canuck  Read Replies (1) of 69883
 
T2113, percentage of stocks 1 std below the 200 MA crossed the 200 MA on Friday. It held that range today. A major trend change is indicated unless the indicator moves back below that level. T2113 now is 19 percent.

This action underlines the overall negative trend of the overall market.

A lack of follow through of the big rally last week is also an indication of some weakness.
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