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Strategies & Market Trends : Secret Squirrel & the Moon
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To: Lawrence Burg who wrote (30)7/14/1998 4:40:00 AM
From: Lawrence Burg  Read Replies (2) of 150
 
posted to yahoo...I have lost the momentum on many trend reversals which were forming 3 weeks ago. My core of 10 or so primary indicators are still calling for aprreciation, while other indicators have gone flat and 2-3 have turned south.

I would expect a price correction to the upside this week in reaction to the oversold status of some oscillators. It would also fall w/in recent indicator swings. There is a chance that the price will not correct and we trade for a while too.

I watch the trading fairly closing during the day, and I also have to add that there always seems to be a plentiful body of shares capping any appreciation in the price. When this behavior dissappears, it should be evident to those watching. I would encourage anyone who also watches daily trades to pose any perceived anomalies in the current daily trading patterns if they change in the coming days/weeks.
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