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Strategies & Market Trends : Why the markets will continue higher...
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To: GROUND ZERO™ who wrote (409)1/8/1998 10:33:00 PM
From: bearshark  Read Replies (2) of 745
 
Good Morning GZ:

In addition to the triangle with the support line at about 7750, I also have another important support line at about 7775. If they do not hold, well, things may get a bit negative. I am no longer long in anything.

However, I noticed a number of things in the market that did not appear right this week. Yesterday, for a time, the NYSE volume was higher han the NASDAQ volume. Today the markets closed with the NYSE volume greater than the NADSDAQ volume. This is not normal. Also, one daily gauge I use is the movement in the SPX vs the movement in the DJI. An extreme would be 10 times the SPX for the DJI. Or, if the SPX was down 7, then in an extreme, the DJI would be down 70 points. The DJI was down more than 10 times the SPX all day today. All of this may be due to it being the first week of the new year. But it appears odd to me.
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