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Pastimes : Ask Mohan about the Market

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To: Link Lady who wrote (16357)9/7/1998 1:55:00 PM
From: John Hunt  Read Replies (1) of 18056
 
Chip's Charts Market Internals

coolhistory.com

The summation index shows the US market is very oversold.

The advance-decline lines show no signs of reversal.

Europe and Asia were strong overnight.

IMHO, there is no way of telling what the market will do over the next week ... Just too many variables, including Greenspan's comments, Starr's report, Russia, Fed/Pro manipulation of the overnight S&P futures, etc.

Best to just wait and go with the flow.

John

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