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Strategies & Market Trends : Waiting for the big Kahuna
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To: Vitas who wrote (38121)3/9/1999 9:27:00 AM
From: bearshark  Read Replies (2) of 94695
 
Vitas: That is an ugly formation on the A/D line. Last October, we had a violent and brief move down, a small recovery, an intraday sucker-down move, and then the violent move up. This time we had the violent move up first. The INX is at the top of an ascending triangle. It has its chance today to break out. It doesn't look like it is too enthused about it.

Thanks for the charts. The globex is out and was slow yesterday.
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