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Strategies & Market Trends : TA setups-ex th traders
DIA 462.58+1.0%Nov 21 4:00 PM EST

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To: robb3267 who wrote (6582)4/30/2005 6:10:21 PM
From: cthruu  Read Replies (2) of 7682
 
Here are the indices.

For the last 8 sessions everything has flipped from down to up and up to down. While Friday's reversal sticks came on higher volume, they are not conviincing.

I have been noticing the money stream for the last three months making new lows in all the charts I see. It is still in gutter and until it turns up, I am not sure there are buyers out there. Look at the orange arrows at the bottoms of these charts.

ttrader.com\'s%20charts&id=879&d=2

A couple of weeks ago I posted that anyone trying to go long in this market should have his/her head examined. May be they were words, but so far they have born out. The day after I posted that note the markets jumped and I was unsure of myself. Still, there was no follow through.

I still feel that the path of least resistance is down. I am not buying yet until the dust settles.

We will see :)
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