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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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FJB

To: The Ox who wrote (5196)	5/22/2017 4:47:43 AM
From: John Pitera	1 Recommendation Read Replies (3) of 8239

Hi Ox, so is that weekly chart of the NYA stocks above their 200 DMA..... showing us that the market has relieved some of the very overbought and stretched conditions we had at the early March Top in the DJIA, and the SPX top... which has not really been taken out,, although we did trade above the March 1 high a few days over the past 10? and now we are ready for another big bull advance. or is it showing a technically deteriorating over all market.... what do the fellow market participants on the thread think... and I'm especially interested in your thoughts. The RUT average appears to be in a fairly healthy sideways rectangular consolidation....... and odds are it breaks out in the direction of the trend, which has been up John

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