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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.72-0.1%Jan 16 4:00 PM EST
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To: Tiley who wrote (17927)10/9/1998 1:19:00 AM
From: Clint E.  Read Replies (1) of 69822
 
Hi Manish;

>> A/D is still dismal and the P/C ratio has been ~1.0 for 3/4 days now.

You cannot use A/D # when we are down 100 points. What do you expect to see in A/D #? Instead, Look at the leaders and see if they are holding above 50 or 200 dmas, depending on how far into a correction they are........

>>>We need an external event to turn this market around. (Like AG cutting interest rates before the FOMC meeting).

I agree 100%.

Clint
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