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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (51334)	6/17/1999 8:10:00 AM
From: stan s.	Respond to of 90042

I never said the rally was over, only that yesterday's explosion brought it closer to near term resistance. As I've pointed out numerous times, I consider support and resistance, points to ponder as much as anything else. As for small caps the Rusell 2000 (small caps) jumped almost 20% from March 25 to May 15...and has only given back 4% of that gain, not bad. I do agree that smallcaps did not fully participate yesterday, a fact that my portfolio screamed at me all day. I would like to see that change too. As I said, those gaps yesterday, they will be filled, sooner or later. I also noticed how few stocks (percentage basis) turned up on my price/volume scans....meaning prices soared on large and midcaps without benefit of volume increases in many cases, suggesting the move bears scrutiny... Good luck. Stan