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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (40902)6/23/1999 1:14:00 PM
From: Haim R. Branisteanu  Respond to of 94695
 
Reminder Intraday result of my computer scan as a curiosity only

Report of - 06/22/99 Remember this is a computer scan only

S&P Closed 1335.88
S&P Change -13.120

Recomandation Price Stoch. RSI RSI RS Pice
Change ROC% 06/23 1PM
SELL SIGNAL ON BAC 71.750 91.211 61 0 -227 69.625
SELL SIGNAL ON CRUS 9.312 80.333 69 -3 -22 9.125
SELL SIGNAL ON DELL 37.562 87.975 53 -5 -125 37.125
SELL SIGNAL ON GGC 16.125 83.810 61 -4 -4 UNCH
SELL SIGNAL ON MU 45.250 78.843 57 -4 -14 44.00
SELL SIGNAL ON XOMA 5.875 79.098 61 -10 -29 UNCH
SELL SIGNAL ON PMTC 14.625 77.632 57 -1 -20 14.25
SELL SIGNAL ON GTW 64.750 69.838 52 -1 -56 63.75
SELL SIGNAL ON EWM 6.750 90.769 62 0 0 12.875
BUY SIGNAL ON FNM 64.750 19.728 40 3 14 ups 63.625
BUY SIGNAL ON RBK 17.312 12.121 35 1 206 17.625



To: Gersh Avery who wrote (40902)6/23/1999 2:42:00 PM
From: bearshark  Read Replies (3) | Respond to of 94695
 
Gersh: I went back to check the Arms for today and did not see it above 1 as of 2 PM Eastern. However, there have been negative ticks with an Arms over 1 with the market moving up a bit.

I consider this as an instance where the issues (smaller guys) are trying to lead the volume (big guys). That would be consistent with big money slowly unloading shares while the market is being held up or pushed up a bit by smaller buyers. It also could be done in other ways.

To read a market, I depend on the minute-by-minute volume on the NYSE and the NASDAQ together with the Arms and the issues data.

I have seen this last for several days. I will never go long a market in which this is happening.