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Politics : High Tolerance Plasticity

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To: chowder who wrote (21487)	9/12/2004 6:53:37 PM
From: chowder	Read Replies (1) of 23153

I'm still fully invested and still into margin a little. I don't disagree that we are in a range where a pull back may be justified, and I'm aware of the September effect. However, I'm not seeing any selling pressure as of yet. If anything, buying pressure has picked up. The % of stocks now over their 40 dma is at a recent high. The NYSE new highs vs new lows chart continues higher. stockcharts.com The NYSE advance - decline line continues higher. stockcharts.com And the NASDAQ advance - decline chart is showing great improvement. stockcharts.com What I find even more convincing to stay fully invested is the % of stocks now trading above the 200 day moving average. Not only is it now trading above the 500 day moving average but we have a very positive divergence in time segmented volume. Accumulation is going on and getting stronger as the TSV indicator will show in the bottom window. ttrader.com. Again, we go lower but, I'm going to wait for a sell signal first. It could come tomorrow or later in the week, but for now, the market looks to be getting stronger, in my opinion. dabum

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