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Strategies & Market Trends : Classic TA Workplace

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From: Henry J Costanzo6/30/2005 9:59:24 PM
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TRIN and TRINQ.... continue moving up into oversold, with their 5 d MAs reaching new June highs ...and in the top areas reached this year...even though Jun pullbacks still relatively modest compared to earlier ones. SEEM...again.....to be pointing to imminent bounce...

Shack's 40hr EMA TICK indicator OTOH has been moving up all week......away from the extreme lows he looks for....and thus not indicating any bounce here..(though probably best to hear from him directly what he's making of this...g)
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