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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (57333)11/12/1998 6:30:00 PM
From: HighTech  Read Replies (1) of 58727
 
Looking at 25-day a/d, it is still on the rise the last few days even though a/d has been negative. Probably because 25 days ago was near bottom when numbers were very negative. Next few days will drop those from the count.

Modified TRIN 10-day average has been positive but flat to slightly down for about 14 days. Haven't used this indicator very long but it went up sharply just before that. Consolidation? Or something else I don't know. Just know it is not RISING.

5-day TRIN on Nasdaq has been under 4.0 nine of the last 12 days. Seems a bit overbought. This has happened before, a prolonged period under 4.0 for Naz. It has also sharply corrected after that.

Wouldn't want to be very long over the weekend.

HiTech
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