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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: changedmyname who wrote (10298)2/10/1999 12:08:00 PM
From: Louis Riley  Read Replies (1) of 122087
 
OFF TOPIC market observation:

We just printed a -1336 TICK a little while ago. There have only been 2 other bouts of selling that severe this year (on 1/13 at the bottom and on 2/2 before the current correction).

Interestingly, the severe TICK we just recorded was not confirmed by a new low in the spoos. Yet. So, that is an infrequently seen positive divergence, and it could bode for a short term bottom. "Could" is the operative term.

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